Corient Private Wealth LLC Cuts Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Corient Private Wealth LLC reduced its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,181 shares of the bank’s stock after selling 2,039 shares during the quarter. Corient Private Wealth LLC’s holdings in Sumitomo Mitsui Financial Group were worth $1,307,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Versant Capital Management Inc purchased a new stake in Sumitomo Mitsui Financial Group during the 4th quarter worth $30,000. Richardson Financial Services Inc. lifted its stake in shares of 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 purchasing an additional 940 shares in the last quarter. Bruce G. Allen Investments LLC boosted 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 worth $79,000 after buying an additional 1,239 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at about $86,000. Finally, Parkside Financial Bank & Trust raised its holdings 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 buying an additional 1,968 shares during the period. Institutional investors and hedge funds own 3.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Friday, March 21st.

Sumitomo Mitsui Financial Group Stock Performance

NYSE:SMFG opened at $16.23 on Wednesday. The firm has a 50-day moving average of $15.27 and a two-hundred day moving average of $14.22. 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 has a market cap of $105.07 billion, a P/E ratio of 15.76, a PEG ratio of 2.36 and a beta of 0.59. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $10.74 and a 1-year high of $16.74.

Sumitomo Mitsui Financial Group 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.