Dorsey Wright & Associates Sells 51,313 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Dorsey Wright & Associates reduced its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 22.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 178,245 shares of the bank’s stock after selling 51,313 shares during the quarter. Dorsey Wright & Associates’ holdings in Sumitomo Mitsui Financial Group were worth $2,583,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth about $30,000. Richardson Financial Services Inc. lifted its stake in Sumitomo Mitsui Financial Group by 36.8% during the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock worth $51,000 after purchasing an additional 940 shares during the period. Bruce G. Allen Investments LLC boosted its holdings 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 purchasing an additional 1,239 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $86,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Sumitomo Mitsui Financial Group by 32.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock worth $115,000 after buying an additional 1,968 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, March 21st.

Sumitomo Mitsui Financial Group Stock Down 3.0 %

SMFG opened at $15.75 on Friday. The firm has a market cap of $101.93 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 2.36 and a beta of 0.59. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. The firm’s 50-day simple moving average is $15.34 and its 200-day simple moving average is $14.28. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $16.74.

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.