Te Ahumairangi Investment Management Ltd Sells 47,294 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

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

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 7.5% in the fourth quarter. Farther Finance Advisors LLC now owns 10,946 shares of the bank's stock worth $159,000 after purchasing an additional 763 shares in the last quarter. Wealthstream Advisors Inc. increased its stake in Sumitomo Mitsui Financial Group by 7.4% in the 4th quarter. Wealthstream Advisors Inc. now owns 11,483 shares of the bank's stock worth $166,000 after buying an additional 794 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in Sumitomo Mitsui Financial Group by 36.8% during the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock valued at $51,000 after acquiring an additional 940 shares during the period. Lindbrook Capital LLC lifted its position 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 acquiring an additional 948 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 5.4% in the fourth quarter. Pzena Investment Management LLC now owns 19,619 shares of the bank's stock worth $284,000 after acquiring an additional 1,004 shares during the period. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG stock traded down $1.46 during mid-day trading on Thursday, hitting $13.57. The company had a trading volume of 2,505,832 shares, compared to its average volume of 1,205,074. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. The stock's 50 day moving average price is $15.34 and its 200-day moving average price is $14.32. Sumitomo Mitsui Financial Group, Inc. has a 52-week low of $10.74 and a 52-week high of $16.74. The company has a market capitalization of $87.82 billion, a P/E ratio of 13.17, a P/E/G ratio of 2.36 and a beta of 0.59.

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.