RNC Capital Management LLC Sells 995 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

RNC Capital Management LLC trimmed its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,220 shares of the bank’s stock after selling 995 shares during the quarter. RNC Capital Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Adero Partners LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at about $152,000. Choreo LLC raised its holdings in Sumitomo Mitsui Financial Group by 4.7% in the 4th quarter. Choreo LLC now owns 56,006 shares of the bank’s stock valued at $815,000 after acquiring an additional 2,539 shares during the period. Stratos Wealth Partners LTD. bought a new position in Sumitomo Mitsui Financial Group in the 4th quarter valued at about $177,000. Catalina Capital Group LLC raised its holdings in Sumitomo Mitsui Financial Group by 8.3% in the 4th quarter. Catalina Capital Group LLC now owns 17,624 shares of the bank’s stock valued at $255,000 after acquiring an additional 1,356 shares during the period. Finally, Five Oceans Advisors raised its holdings in Sumitomo Mitsui Financial Group by 11.0% in the 4th quarter. Five Oceans Advisors now owns 25,407 shares of the bank’s stock valued at $368,000 after acquiring an additional 2,527 shares during the period. 3.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Sumitomo Mitsui Financial Group Stock Up 0.2 %

Sumitomo Mitsui Financial Group stock opened at $15.06 on Friday. The stock has a market cap of $98.47 billion, a P/E ratio of 12.98, a P/E/G ratio of 2.25 and a beta of 0.63. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.10 and a twelve month high of $15.56. The company’s 50-day moving average price is $14.69 and its two-hundred day moving average price is $13.68.

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.