Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Huntington National Bank

Huntington National Bank lowered its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 29.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,433 shares of the bank’s stock after selling 1,462 shares during the quarter. Huntington National Bank’s holdings in Sumitomo Mitsui Financial Group were worth $50,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SMFG. Versant Capital Management Inc acquired a new stake in Sumitomo Mitsui Financial Group during the fourth quarter worth about $30,000. Richardson Financial Services Inc. grew its stake in shares of Sumitomo Mitsui Financial Group by 36.8% during the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock worth $51,000 after purchasing an additional 940 shares during the period. Bruce G. Allen Investments LLC lifted its stake in shares of 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 purchasing an additional 1,239 shares during the period. Sierra Ocean LLC purchased a new stake in Sumitomo Mitsui Financial Group during the fourth quarter worth $86,000. Finally, Parkside Financial Bank & Trust boosted its holdings in Sumitomo Mitsui Financial Group by 32.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock worth $115,000 after buying an additional 1,968 shares in the last quarter. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Trading Down 1.7 %

Shares of Sumitomo Mitsui Financial Group stock opened at $12.20 on Tuesday. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $16.74. The firm’s 50-day moving average price is $15.25 and its 200 day moving average price is $14.34. 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 $78.95 billion, a PE ratio of 11.84, a P/E/G ratio of 2.36 and a beta of 0.41.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, March 21st.

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.