Rosenberg Matthew Hamilton Sells 1,319 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Rosenberg Matthew Hamilton cut its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 25.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,827 shares of the bank’s stock after selling 1,319 shares during the period. Rosenberg Matthew Hamilton’s holdings in Sumitomo Mitsui Financial Group were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new stake in Sumitomo Mitsui Financial Group in the 4th quarter worth $30,000. Bruce G. Allen Investments LLC lifted its position in shares of 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 acquiring an additional 1,239 shares in the last quarter. Assetmark Inc. boosted its stake 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 acquiring an additional 1,669 shares during the period. AXA S.A. grew its position in shares of Sumitomo Mitsui Financial Group by 29.2% during the second quarter. AXA S.A. now owns 9,200 shares of the bank’s stock worth $123,000 after purchasing an additional 2,081 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Sumitomo Mitsui Financial Group by 11.0% during 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. 3.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Sumitomo Mitsui Financial Group Price Performance

Shares of NYSE:SMFG opened at $14.29 on Wednesday. The firm has a market cap of $93.47 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 3.37 and a beta of 0.63. The firm has a fifty day moving average price of $14.43 and a 200 day moving average price of $13.56. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $9.69 and a fifty-two week high of $15.56. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.05 and a current ratio of 1.06.

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.