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

BTC Capital Management Inc. cut its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,646 shares of the bank’s stock after selling 15,130 shares during the period. BTC Capital Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $2,205,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $30,000. Bruce G. Allen Investments LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 29.5% during the fourth 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 last quarter. Assetmark Inc. increased its position in shares of Sumitomo Mitsui Financial Group by 23.6% during the third quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock worth $110,000 after purchasing an additional 1,669 shares in the last quarter. AXA S.A. lifted its holdings in shares of Sumitomo Mitsui Financial Group by 29.2% in the 2nd quarter. AXA S.A. now owns 9,200 shares of the bank’s stock valued at $123,000 after purchasing an additional 2,081 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 11.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock valued at $129,000 after purchasing an additional 1,007 shares during the period. Institutional investors and hedge funds own 3.85% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Stock Down 0.4 %

SMFG stock opened at $15.19 on Friday. The company has a market cap of $99.32 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 2.30 and a beta of 0.63. The company has a fifty day moving average price of $14.64 and a 200 day moving average price of $13.66. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.06 and a quick ratio of 1.05. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.10 and a 12 month high of $15.56.

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.