Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 30.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,554 shares of the bank’s stock after selling 4,724 shares during the period. Hsbc Holdings PLC’s holdings in Sumitomo Mitsui Financial Group were worth $153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Waterhouse Canada Inc. raised its stake in Sumitomo Mitsui Financial Group by 2,178.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank’s stock worth $45,000 after acquiring an additional 2,963 shares in the last quarter. MML Investors Services LLC increased its position in shares of Sumitomo Mitsui Financial Group by 23.5% during the fourth quarter. MML Investors Services LLC now owns 84,102 shares of the bank’s stock worth $1,219,000 after purchasing an additional 16,030 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Sumitomo Mitsui Financial Group by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,899,574 shares of the bank’s stock valued at $42,015,000 after purchasing an additional 33,783 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at about $4,484,000. Finally, Forum Financial Management LP boosted its position in shares of Sumitomo Mitsui Financial Group by 15.0% in the 4th quarter. Forum Financial Management LP now owns 222,120 shares of the bank’s stock valued at $3,219,000 after purchasing an additional 28,997 shares during the period. 3.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE:SMFG opened at $14.23 on Monday. The company has a market cap of $92.13 billion, a P/E ratio of 13.82, a PEG ratio of 2.36 and a beta of 0.40. The company has a 50-day moving average price of $14.42 and a 200 day moving average price of $14.48. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.74 and a 52 week high of $16.74. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94.

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.