Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Stock Position Lowered by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. lessened its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 20.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,434 shares of the bank’s stock after selling 8,263 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $455,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in shares of Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $30,000. Richardson Financial Services Inc. increased its stake 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 valued at $51,000 after buying an additional 940 shares during the period. Bruce G. Allen Investments LLC increased 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 valued at $79,000 after buying an additional 1,239 shares during the period. Sierra Ocean LLC acquired a new position in Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $86,000. Finally, Parkside Financial Bank & Trust increased its stake in 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 valued at $115,000 after buying an additional 1,968 shares during the period. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday.

Sumitomo Mitsui Financial Group Stock Down 0.6 %

Sumitomo Mitsui Financial Group stock opened at $15.37 on Friday. The firm has a market cap of $100.50 billion, a PE ratio of 14.92, a P/E/G ratio of 2.36 and a beta of 0.63. 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 moving average price is $14.92 and its two-hundred day moving average price is $13.98. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $15.83.

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.