Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Stock Position Trimmed by Sei Investments Co.

Sei Investments Co. decreased its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 5.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 163,429 shares of the bank’s stock after selling 9,852 shares during the period. Sei Investments Co.’s holdings in Sumitomo Mitsui Financial Group were worth $2,368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Sumitomo Mitsui Financial Group by 12.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank’s stock worth $5,127,000 after buying an additional 45,761 shares in the last quarter. FMR LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 5.0% in the third quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock worth $90,858,000 after purchasing an additional 342,604 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Sumitomo Mitsui Financial Group by 83.2% in the third quarter. Rockefeller Capital Management L.P. now owns 55,963 shares of the bank’s stock worth $705,000 after purchasing an additional 25,414 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Sumitomo Mitsui Financial Group by 10.3% during the third quarter. Captrust Financial Advisors now owns 43,988 shares of the bank’s stock valued at $556,000 after purchasing an additional 4,091 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Sumitomo Mitsui Financial Group by 23.5% in the third quarter. Quantinno Capital Management LP now owns 546,173 shares of the bank’s stock worth $6,898,000 after purchasing an additional 103,810 shares during the period. Institutional investors own 3.85% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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

NYSE SMFG opened at $12.40 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.74 and a 12 month high of $16.74. The firm has a market capitalization of $80.25 billion, a PE ratio of 12.03, a P/E/G ratio of 2.36 and a beta of 0.59. The company’s 50 day simple moving average is $15.30 and its 200 day simple moving average is $14.32. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05.

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.