Optas LLC Sells 2,145 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Optas LLC lowered its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 15.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,104 shares of the bank’s stock after selling 2,145 shares during the quarter. Optas LLC’s holdings in Sumitomo Mitsui Financial Group were worth $175,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SMFG. Versant Capital Management Inc bought a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter worth about $30,000. Richardson Financial Services Inc. lifted its holdings in Sumitomo Mitsui Financial Group by 36.8% in the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock worth $51,000 after purchasing an additional 940 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in Sumitomo Mitsui Financial Group by 29.5% in the 4th quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock worth $79,000 after purchasing an additional 1,239 shares during the period. 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. Finally, Farther Finance Advisors LLC raised its position in shares of Sumitomo Mitsui Financial Group by 11.0% during the third quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock valued at $129,000 after buying an additional 1,007 shares during the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Up 0.0 %

Shares of Sumitomo Mitsui Financial Group stock opened at $14.84 on Wednesday. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.10 and a twelve month high of $15.56. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The business has a 50-day moving average price of $14.66 and a 200-day moving average price of $13.67. The firm has a market cap of $97.03 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 2.25 and a beta of 0.63.

Analyst Upgrades and Downgrades

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 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.