Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,404 shares of the bank’s stock after selling 3,307 shares during the period. PNC Financial Services Group Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $2,585,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Sumitomo Mitsui Financial Group in the 4th quarter valued at approximately $287,000. Callan Family Office LLC acquired a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth $1,972,000. Freestone Capital Holdings LLC acquired a new stake in Sumitomo Mitsui Financial Group in the 4th quarter valued at $161,000. Lindbrook Capital LLC increased its holdings in Sumitomo Mitsui Financial Group by 5.2% in the 4th quarter. Lindbrook Capital LLC now owns 19,343 shares of the bank’s stock valued at $280,000 after purchasing an additional 948 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Sumitomo Mitsui Financial Group in the 4th quarter valued at $1,585,000. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Shares of SMFG stock opened at $15.91 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. Sumitomo Mitsui Financial Group, Inc. has a one year low of $10.74 and a one year high of $15.96. The company’s 50-day simple moving average is $15.02 and its 200-day simple moving average is $14.05. The stock has a market capitalization of $102.97 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 2.36 and a beta of 0.59.

Analyst Ratings Changes

Separately, StockNews.com downgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday.

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.