HB Wealth Management LLC Trims Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

HB Wealth Management LLC lowered its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,444 shares of the bank’s stock after selling 855 shares during the quarter. HB Wealth Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $180,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in Sumitomo Mitsui Financial Group in the 4th quarter worth $30,000. Bruce G. Allen Investments LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 29.5% in the fourth quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock valued at $79,000 after acquiring an additional 1,239 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Sumitomo Mitsui Financial Group by 23.6% in the third quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock worth $110,000 after acquiring an additional 1,669 shares during the period. AXA S.A. raised its stake in Sumitomo Mitsui Financial Group by 29.2% during the 2nd quarter. AXA S.A. now owns 9,200 shares of the bank’s stock valued at $123,000 after purchasing an additional 2,081 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Sumitomo Mitsui Financial Group by 11.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock valued at $129,000 after purchasing an additional 1,007 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 upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Stock Performance

NYSE:SMFG opened at $14.59 on Friday. The company has a market cap of $95.40 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 3.28 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $10.05 and a 1 year high of $15.56. The stock’s 50 day simple moving average is $14.55 and its two-hundred day simple moving average is $13.62. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.06 and a quick ratio of 1.05.

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.