Invesco Ltd. Reduces Stock Position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Invesco Ltd. trimmed its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 25.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,013,936 shares of the bank’s stock after selling 341,666 shares during the period. Invesco Ltd.’s holdings in Sumitomo Mitsui Financial Group were worth $14,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at $30,000. Richardson Financial Services Inc. boosted its position in Sumitomo Mitsui Financial Group by 36.8% in the fourth 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 last quarter. Bruce G. Allen Investments LLC grew its stake in shares of Sumitomo Mitsui Financial Group by 29.5% during 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 shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at about $86,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Sumitomo Mitsui Financial Group by 32.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank’s stock worth $115,000 after purchasing an additional 1,968 shares during the period. Institutional investors own 3.85% of the company’s stock.

Wall Street Analyst Weigh In

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

Sumitomo Mitsui Financial Group Stock Performance

NYSE SMFG opened at $13.56 on Monday. The business has a 50-day moving average price of $14.83 and a 200-day moving average price of $14.36. The firm has a market cap of $87.76 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 2.36 and a beta of 0.41. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $16.74. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94.

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.