Ritholtz Wealth Management Reduces Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Ritholtz Wealth Management reduced its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 6.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 155,843 shares of the bank’s stock after selling 11,550 shares during the period. Ritholtz Wealth Management’s holdings in Sumitomo Mitsui Financial Group were worth $2,258,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SMFG. FMR LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 5.0% during 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 during the last quarter. JPMorgan Chase & Co. lifted its holdings in Sumitomo Mitsui Financial Group by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank’s stock valued at $17,302,000 after buying an additional 517,179 shares in the last quarter. American Century Companies Inc. boosted its position in Sumitomo Mitsui Financial Group by 5.4% in the 2nd quarter. American Century Companies Inc. now owns 1,344,869 shares of the bank’s stock valued at $18,035,000 after buying an additional 69,145 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Sumitomo Mitsui Financial Group by 266.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 615,800 shares of the bank’s stock worth $8,258,000 after acquiring an additional 447,800 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Sumitomo Mitsui Financial Group by 23.5% during the third quarter. Quantinno Capital Management LP now owns 546,173 shares of the bank’s stock worth $6,898,000 after acquiring an additional 103,810 shares during the period. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

Shares of SMFG stock opened at $14.70 on Friday. The stock has a market capitalization of $96.12 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 3.20 and a beta of 0.63. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.91. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $9.70 and a twelve month high of $15.56. The stock has a fifty day simple moving average of $14.47 and a two-hundred day simple moving average of $13.57.

Analyst Ratings Changes

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

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.