Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 20.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,817 shares of the bank’s stock after selling 16,977 shares during the period. Russell Investments Group Ltd.’s holdings in Sumitomo Mitsui Financial Group were worth $939,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in Sumitomo Mitsui Financial Group in the 3rd quarter valued at $279,000. Te Ahumairangi Investment Management Ltd increased its stake in shares of Sumitomo Mitsui Financial Group by 9.4% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 86,951 shares of the bank’s stock worth $1,092,000 after acquiring an additional 7,474 shares during the period. Sanctuary Advisors LLC raised its holdings in Sumitomo Mitsui Financial Group by 43.0% during the third quarter. Sanctuary Advisors LLC now owns 28,248 shares of the bank’s stock worth $357,000 after purchasing an additional 8,488 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Sumitomo Mitsui Financial Group in the third quarter valued at about $140,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Sumitomo Mitsui Financial Group in the 3rd quarter valued at approximately $143,000. 3.85% of the stock is owned by institutional investors and hedge funds.

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 Stock Performance

Shares of SMFG opened at $13.29 on Tuesday. 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 52-week low of $10.74 and a 52-week high of $16.74. The company has a 50-day simple moving average of $14.81 and a 200-day simple moving average of $14.37. The company has a market capitalization of $86.04 billion, a PE ratio of 12.90, a P/E/G ratio of 2.36 and a beta of 0.41.

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.