Callan Capital LLC Sells 4,602 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Callan Capital LLC trimmed its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,429 shares of the bank’s stock after selling 4,602 shares during the period. Callan Capital LLC’s holdings in Sumitomo Mitsui Financial Group were worth $673,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Lake Street Advisors Group LLC raised its position in shares of Sumitomo Mitsui Financial Group by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 54,183 shares of the bank’s stock valued at $684,000 after buying an additional 933 shares during the last quarter. Richardson Financial Services Inc. raised its position in shares of 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 valued at $51,000 after buying an additional 940 shares during the last quarter. 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. Apollon Wealth Management LLC raised its position in Sumitomo Mitsui Financial Group by 6.7% in the fourth quarter. Apollon Wealth Management LLC now owns 16,275 shares of the bank’s stock worth $236,000 after purchasing an additional 1,015 shares in the last quarter. Finally, BSW Wealth Partners raised its position in Sumitomo Mitsui Financial Group by 6.6% in the fourth quarter. BSW Wealth Partners now owns 18,815 shares of the bank’s stock worth $273,000 after purchasing an additional 1,170 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

NYSE:SMFG opened at $15.33 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.70 and a 12-month high of $15.83. 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 firm has a market capitalization of $100.24 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63. The firm has a 50-day moving average price of $14.72 and a 200 day moving average price of $13.80.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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 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.