William Blair Investment Management LLC Has $3.26 Million Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

William Blair Investment Management LLC reduced its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,195 shares of the bank’s stock after selling 16,234 shares during the quarter. William Blair Investment Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $3,263,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Versant Capital Management Inc acquired a new position in shares of Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $30,000. Richardson Financial Services Inc. lifted its holdings in Sumitomo Mitsui Financial Group by 36.8% in 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 period. Bruce G. Allen Investments LLC lifted its holdings in Sumitomo Mitsui Financial Group by 29.5% in the fourth 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 fourth quarter valued at $86,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Sumitomo Mitsui Financial Group by 32.9% in the fourth 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. 3.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 13th.

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE SMFG opened at $16.29 on Thursday. The firm’s 50-day moving average price is $15.11 and its 200-day moving average price is $14.12. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $10.74 and a 1-year high of $16.39. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $105.49 billion, a P/E ratio of 15.82, a P/E/G ratio of 2.36 and a beta of 0.59.

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.