Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd trimmed its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 54.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,657 shares of the bank's stock after selling 47,294 shares during the period. Te Ahumairangi Investment Management Ltd's holdings in Sumitomo Mitsui Financial Group were worth $575,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 7.5% in the 4th quarter. Farther Finance Advisors LLC now owns 10,946 shares of the bank's stock valued at $159,000 after acquiring an additional 763 shares during the period. Wealthstream Advisors Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group by 7.4% during the fourth quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank's stock worth $166,000 after purchasing an additional 794 shares in the last quarter. Richardson Financial Services Inc. boosted its position in shares of 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 worth $51,000 after buying an additional 940 shares during the period. Lindbrook Capital LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 5.2% in the fourth quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank's stock valued at $280,000 after buying an additional 948 shares in the last quarter. Finally, Pzena Investment Management LLC raised its holdings in shares of Sumitomo Mitsui Financial Group by 5.4% during the 4th quarter. Pzena Investment Management LLC now owns 19,619 shares of the bank's stock valued at $284,000 after buying an additional 1,004 shares during the period. 3.85% of the stock is owned by hedge funds and other institutional investors.

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 report on Friday, March 21st.

Sumitomo Mitsui Financial Group Stock Down 8.6 %

Shares of SMFG stock traded down $1.17 during mid-day trading on Friday, reaching $12.40. 3,814,181 shares of the company were exchanged, compared to its average volume of 1,218,344. 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 business's 50 day simple moving average is $15.30 and its 200 day simple moving average is $14.33. The company has a market capitalization of $80.25 billion, a P/E ratio of 12.03, a P/E/G ratio of 2.36 and a beta of 0.41.

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.