Blue Trust Inc. Lowers Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Blue Trust Inc. trimmed its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 68.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,297 shares of the bank’s stock after selling 26,146 shares during the quarter. Blue Trust Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $178,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SMFG. Lake Street Advisors Group LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 54,183 shares of the bank’s stock valued at $684,000 after buying an additional 933 shares during the period. Richardson Financial Services Inc. increased its position 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 worth $51,000 after buying an additional 940 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 11.0% in 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 last quarter. Apollon Wealth Management LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 6.7% in the 4th quarter. Apollon Wealth Management LLC now owns 16,275 shares of the bank’s stock valued at $236,000 after purchasing an additional 1,015 shares during the last quarter. Finally, BSW Wealth Partners grew its stake in shares of Sumitomo Mitsui Financial Group by 6.6% in the 4th quarter. BSW Wealth Partners now owns 18,815 shares of the bank’s stock valued at $273,000 after purchasing an additional 1,170 shares during the last quarter. 3.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Stock Down 0.6 %

SMFG opened at $15.65 on Friday. The business’s fifty day moving average is $14.71 and its two-hundred day moving average is $13.78. 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 company has a market cap of $102.33 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 2.35 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a one year low of $10.58 and a one year high of $15.83.

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.