Optas LLC Reduces Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Optas LLC cut its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 15.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,104 shares of the bank’s stock after selling 2,145 shares during the period. Optas LLC’s holdings in Sumitomo Mitsui Financial Group were worth $175,000 as of its most recent SEC filing.

Several 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 during the fourth quarter valued at $30,000. Richardson Financial Services Inc. increased its position in shares of Sumitomo Mitsui Financial Group by 36.8% during the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock valued at $51,000 after purchasing an additional 940 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in shares of 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. boosted its holdings in shares of Sumitomo Mitsui Financial Group by 23.6% in the third quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock worth $110,000 after buying an additional 1,669 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in 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 period. 3.85% of the stock is owned by institutional investors.

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 note on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG opened at $14.84 on Wednesday. The business has a 50-day simple moving average of $14.66 and a two-hundred day simple moving average of $13.67. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.10 and a 52 week high of $15.56. The stock 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.

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.