Banco Santander S.A. Trims Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Banco Santander S.A. lessened its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,990 shares of the bank’s stock after selling 3,430 shares during the period. Banco Santander S.A.’s holdings in Sumitomo Mitsui Financial Group were worth $521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SMFG. JPMorgan Chase & Co. increased its stake in shares of Sumitomo Mitsui Financial Group by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank’s stock valued at $17,302,000 after purchasing an additional 517,179 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Sumitomo Mitsui Financial Group by 139.7% in the fourth quarter. Bank of New York Mellon Corp now owns 745,849 shares of the bank’s stock valued at $10,807,000 after purchasing an additional 434,728 shares during the period. FMR LLC increased its position in shares of Sumitomo Mitsui Financial Group by 5.0% in the third quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock valued at $90,858,000 after buying an additional 342,604 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Sumitomo Mitsui Financial Group by 76.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock valued at $8,301,000 after buying an additional 249,543 shares in the last quarter. Finally, Callan Family Office LLC acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $1,972,000. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 3.0 %

SMFG stock opened at $14.93 on Tuesday. Sumitomo Mitsui Financial Group, Inc. has a 52 week low of $10.74 and a 52 week high of $15.83. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The firm has a 50-day simple moving average of $14.95 and a 200-day simple moving average of $14.01. The stock has a market capitalization of $96.63 billion, a P/E ratio of 14.49, a P/E/G ratio of 2.36 and a beta of 0.59.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th.

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.