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

Ritholtz Wealth Management lessened its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 6.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 155,843 shares of the bank’s stock after selling 11,550 shares during the quarter. Ritholtz Wealth Management’s holdings in Sumitomo Mitsui Financial Group were worth $2,258,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SMFG. Versant Capital Management Inc purchased a new stake in Sumitomo Mitsui Financial Group in the 4th quarter worth $30,000. Bruce G. Allen Investments LLC boosted its stake in Sumitomo Mitsui Financial Group by 29.5% during the fourth quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock valued at $79,000 after buying an additional 1,239 shares during the last quarter. Assetmark Inc. grew its holdings in Sumitomo Mitsui Financial Group by 23.6% during the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock valued at $110,000 after buying an additional 1,669 shares in the last quarter. AXA S.A. raised its holdings in shares of Sumitomo Mitsui Financial Group by 29.2% during the 2nd quarter. AXA S.A. now owns 9,200 shares of the bank’s stock worth $123,000 after acquiring an additional 2,081 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 11.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock valued at $129,000 after acquiring an additional 1,007 shares during the last quarter. Institutional investors own 3.85% of the company’s stock.

Analyst Ratings Changes

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

Sumitomo Mitsui Financial Group Stock Down 0.2 %

Shares of NYSE SMFG opened at $14.70 on Friday. 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 12-month low of $9.70 and a 12-month high of $15.56. The firm’s 50-day moving average price is $14.47 and its 200-day moving average price is $13.57. 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.

Sumitomo Mitsui Financial Group Company 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.