Quantbot Technologies LP Has $130,000 Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Quantbot Technologies LP lessened its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 77.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,004 shares of the bank’s stock after selling 31,627 shares during the quarter. Quantbot Technologies LP’s holdings in Sumitomo Mitsui Financial Group were worth $130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc bought a new position in Sumitomo Mitsui Financial Group during the 4th quarter worth about $30,000. Richardson Financial Services Inc. grew 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 worth $51,000 after purchasing an additional 940 shares during the period. Bruce G. Allen Investments LLC boosted its stake in shares of Sumitomo Mitsui Financial Group by 29.5% during the 4th quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock worth $79,000 after acquiring an additional 1,239 shares during the period. Sierra Ocean LLC bought a new position 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 Sumitomo Mitsui Financial Group by 32.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock valued at $115,000 after acquiring an additional 1,968 shares during the period. 3.85% of the stock is currently owned by 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 research report on Friday, March 21st.

Sumitomo Mitsui Financial Group Trading Down 3.0 %

SMFG opened at $15.75 on Monday. The company has a market cap of $101.93 billion, a P/E ratio of 15.29, a PEG ratio of 2.36 and a beta of 0.59. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. The company’s 50 day moving average is $15.34 and its 200-day moving average is $14.29. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $10.74 and a 1-year high of $16.74.

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.