Orion Portfolio Solutions LLC Cuts Stock Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Orion Portfolio Solutions LLC decreased its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFGFree Report) by 72.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,714 shares of the bank’s stock after selling 229,043 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Sumitomo Mitsui Financial Group were worth $854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SMFG. FMR LLC lifted its position in Sumitomo Mitsui Financial Group by 9.4% during the third quarter. FMR LLC now owns 6,960,908 shares of the bank’s stock valued at $68,565,000 after purchasing an additional 600,360 shares during the period. Dimensional Fund Advisors LP lifted its position in Sumitomo Mitsui Financial Group by 18.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,799,584 shares of the bank’s stock valued at $27,100,000 after purchasing an additional 445,413 shares during the period. Natixis Advisors L.P. lifted its position in Sumitomo Mitsui Financial Group by 3.8% during the third quarter. Natixis Advisors L.P. now owns 2,218,778 shares of the bank’s stock valued at $21,855,000 after purchasing an additional 80,733 shares during the period. American Century Companies Inc. lifted its position in Sumitomo Mitsui Financial Group by 6.3% during the third quarter. American Century Companies Inc. now owns 1,137,275 shares of the bank’s stock valued at $11,202,000 after purchasing an additional 67,464 shares during the period. Finally, Anderson Hoagland & Co. lifted its position in Sumitomo Mitsui Financial Group by 0.3% during the fourth quarter. Anderson Hoagland & Co. now owns 830,747 shares of the bank’s stock valued at $8,183,000 after purchasing an additional 2,110 shares during the period. Hedge funds and other institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Down 0.7 %

Shares of Sumitomo Mitsui Financial Group stock opened at $13.28 on Wednesday. The company has a market cap of $87.48 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.51 and a beta of 0.61. The company’s 50 day moving average is $11.84 and its 200 day moving average is $10.88. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $8.16 and a twelve month high of $13.41.

Sumitomo Mitsui Financial Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sumitomo Mitsui Financial Group (NYSE:SMFG)

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