O Shaughnessy Asset Management LLC Has $8.61 Million Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

O Shaughnessy Asset Management LLC reduced its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,358 shares of the bank’s stock after selling 12,790 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $8,612,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth about $30,000. Richardson Financial Services Inc. grew its stake in Sumitomo Mitsui Financial Group by 36.8% during the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock worth $51,000 after buying an additional 940 shares during the last quarter. Bruce G. Allen Investments LLC increased its holdings in shares of Sumitomo Mitsui Financial Group by 29.5% during the fourth quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock worth $79,000 after buying an additional 1,239 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at approximately $86,000. Finally, Parkside Financial Bank & Trust boosted its holdings 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 acquiring an additional 1,968 shares in the last quarter. 3.85% of the stock is owned by institutional investors.

Sumitomo Mitsui Financial Group Stock Down 1.9 %

Shares of NYSE SMFG opened at $15.46 on Tuesday. Sumitomo Mitsui Financial Group, Inc. has a 12-month low of $10.74 and a 12-month high of $16.74. The firm’s 50-day simple moving average is $15.35 and its 200 day simple moving average is $14.31. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.94. The company has a market cap of $100.06 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report 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.