Cerity Partners LLC Sells 33,313 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Cerity Partners LLC trimmed its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 319,730 shares of the bank's stock after selling 33,313 shares during the quarter. Cerity Partners LLC's holdings in Sumitomo Mitsui Financial Group were worth $4,462,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $30,000. Richardson Financial Services Inc. lifted its stake in Sumitomo Mitsui Financial Group by 36.8% in the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock valued at $51,000 after buying an additional 940 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in shares of Sumitomo Mitsui Financial Group by 29.5% during the 4th quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank's stock worth $79,000 after buying an additional 1,239 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $86,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Sumitomo Mitsui Financial Group by 32.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank's stock valued at $115,000 after acquiring an additional 1,968 shares during the period. 3.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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 Stock Up 3.4 %

Sumitomo Mitsui Financial Group stock traded up $0.45 during mid-day trading on Friday, reaching $13.56. The stock had a trading volume of 3,304,072 shares, compared to its average volume of 1,319,929. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $16.74. 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 capitalization of $87.76 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 2.36 and a beta of 0.41.

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.