Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by RNC Capital Management LLC

RNC Capital Management LLC cut its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG – Get Rating) by 15.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,000 shares of the bank’s stock after selling 7,300 shares during the period. RNC Capital Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $313,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Sumitomo Mitsui Financial Group by 15.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 274,912 shares of the bank’s stock valued at $1,511,000 after buying an additional 36,687 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Sumitomo Mitsui Financial Group during the 3rd quarter valued at $66,000. Captrust Financial Advisors grew its holdings in Sumitomo Mitsui Financial Group by 81.3% during the 3rd quarter. Captrust Financial Advisors now owns 25,094 shares of the bank’s stock worth $138,000 after acquiring an additional 11,255 shares in the last quarter. Balyasny Asset Management LLC acquired a new position in Sumitomo Mitsui Financial Group during the 3rd quarter worth $337,000. Finally, Drive Wealth Management LLC bought a new stake in shares of Sumitomo Mitsui Financial Group in the 3rd quarter worth about $74,000. 1.65% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE SMFG opened at $7.66 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $52.65 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 1.40 and a beta of 0.68. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $5.39 and a twelve month high of $9.18. The business has a 50 day simple moving average of $8.62 and a 200-day simple moving average of $7.16.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Sumitomo Mitsui Financial Group in a research report on Thursday. They set a “hold” rating on the stock.

Sumitomo Mitsui Financial Group Profile

(Get Rating)

Sumitomo Mitsui Financial Group, Inc operates as a holding company, which engages in the management of its subsidiaries that provide financial services. It operates through the following segments: Commercial Banking, Leasing, Securities, and Consumer Finance. The Commercial Banking segment consists of consumer banking, middle market banking, wholesale banking, retail banking, international banking, and treasury units.