Bank of Montreal Can Sells 3,739 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Bank of Montreal Can trimmed its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 3.5% during the fourth quarter, HoldingsChannel reports. The firm owned 103,091 shares of the bank’s stock after selling 3,739 shares during the quarter. Bank of Montreal Can’s holdings in Sumitomo Mitsui Financial Group were worth $1,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in SMFG. Jane Street Group LLC grew its holdings in Sumitomo Mitsui Financial Group by 20.9% during the third quarter. Jane Street Group LLC now owns 300,001 shares of the bank’s stock valued at $3,789,000 after purchasing an additional 51,917 shares during the period. MML Investors Services LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 8.1% during the 3rd quarter. MML Investors Services LLC now owns 68,072 shares of the bank’s stock worth $860,000 after acquiring an additional 5,123 shares during the period. Virtu Financial LLC purchased a new stake in Sumitomo Mitsui Financial Group during the third quarter valued at about $279,000. Te Ahumairangi Investment Management Ltd increased its stake in shares of Sumitomo Mitsui Financial Group by 9.4% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 86,951 shares of the bank’s stock worth $1,092,000 after purchasing an additional 7,474 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of Sumitomo Mitsui Financial Group by 43.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 28,248 shares of the bank’s stock valued at $357,000 after buying an additional 8,488 shares in the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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

Sumitomo Mitsui Financial Group stock opened at $13.56 on Friday. The business has a 50-day simple moving average of $14.86 and a 200 day simple moving average of $14.33. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.74 and a 52 week high of $16.74. The stock has a market cap of $87.76 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 2.36 and a beta of 0.41. 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.