Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 77.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,004 shares of the bank's stock after selling 31,627 shares during the quarter. Quantbot Technologies LP's holdings in Sumitomo Mitsui Financial Group were worth $130,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Sumitomo Mitsui Financial Group by 12.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank's stock valued at $5,127,000 after buying an additional 45,761 shares during the period. FMR LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 5.0% in the third quarter. FMR LLC now owns 7,193,840 shares of the bank's stock worth $90,858,000 after acquiring an additional 342,604 shares during the last quarter. Townsquare Capital LLC grew its holdings in Sumitomo Mitsui Financial Group by 40.6% in the third quarter. Townsquare Capital LLC now owns 78,954 shares of the bank's stock valued at $997,000 after purchasing an additional 22,816 shares during the period. Glenmede Trust Co. NA increased its position in Sumitomo Mitsui Financial Group by 6.8% during the third quarter. Glenmede Trust Co. NA now owns 43,030 shares of the bank's stock worth $543,000 after purchasing an additional 2,750 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Sumitomo Mitsui Financial Group by 83.2% during the third quarter. Rockefeller Capital Management L.P. now owns 55,963 shares of the bank's stock worth $705,000 after purchasing an additional 25,414 shares during the period. 3.85% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research note on Friday, March 21st.

Sumitomo Mitsui Financial Group Trading Down 9.7 %

Sumitomo Mitsui Financial Group stock traded down $1.46 during midday trading on Thursday, reaching $13.57. The stock had a trading volume of 2,505,832 shares, compared to its average volume of 1,205,074. The stock's 50-day simple moving average is $15.34 and its 200 day simple moving average is $14.32. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $16.74. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a market capitalization of $87.82 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59.

About Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments.