Renaissance Technologies LLC Sells 23,900 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Renaissance Technologies LLC trimmed its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,610,670 shares of the bank's stock after selling 23,900 shares during the period. Renaissance Technologies LLC's holdings in Sumitomo Mitsui Financial Group were worth $23,339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its stake in Sumitomo Mitsui Financial Group by 16.5% during the fourth quarter. FMR LLC now owns 8,383,293 shares of the bank's stock valued at $121,474,000 after acquiring an additional 1,189,453 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Sumitomo Mitsui Financial Group by 4.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,803,684 shares of the bank's stock valued at $26,135,000 after buying an additional 70,946 shares in the last quarter. Pitcairn Co. lifted its stake in Sumitomo Mitsui Financial Group by 2.6% during the fourth quarter. Pitcairn Co. now owns 34,133 shares of the bank's stock worth $495,000 after purchasing an additional 876 shares during the period. World Investment Advisors lifted its stake in Sumitomo Mitsui Financial Group by 27.9% during the fourth quarter. World Investment Advisors now owns 14,169 shares of the bank's stock worth $205,000 after purchasing an additional 3,090 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Sumitomo Mitsui Financial Group during the fourth quarter valued at approximately $2,009,000. Institutional investors own 3.85% of the company's stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE SMFG traded up $0.45 during midday trading on Friday, reaching $13.56. 3,304,072 shares of the company traded hands, compared to its average volume of 1,319,929. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.74 and a 12 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's 50-day simple moving average is $14.86 and its 200-day simple moving average is $14.33. The firm has a market cap of $87.76 billion, a PE ratio of 13.16, a PEG ratio of 2.36 and a beta of 0.41.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a "sell" rating to a "hold" rating in a research report on Friday, March 21st.

Sumitomo Mitsui Financial Group Company Profile

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.