Anderson Hoagland & Co. Sells 10,785 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Anderson Hoagland & Co. decreased its position in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 1.3% during the 4th quarter, HoldingsChannel reports. The fund owned 840,100 shares of the bank’s stock after selling 10,785 shares during the quarter. Sumitomo Mitsui Financial Group comprises about 1.3% of Anderson Hoagland & Co.’s portfolio, making the stock its 20th largest holding. Anderson Hoagland & Co.’s holdings in Sumitomo Mitsui Financial Group were worth $12,341,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Aprio Wealth Management LLC lifted its position in shares of Sumitomo Mitsui Financial Group by 7.9% in the third quarter. Aprio Wealth Management LLC now owns 11,795 shares of the bank’s stock worth $149,000 after purchasing an additional 863 shares in the last quarter. Lake Street Advisors Group LLC lifted its position in Sumitomo Mitsui Financial Group by 1.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 54,183 shares of the bank’s stock worth $684,000 after buying an additional 933 shares in the last quarter. Werba Rubin Papier Wealth Management boosted its stake in shares of Sumitomo Mitsui Financial Group by 5.0% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 21,066 shares of the bank’s stock worth $266,000 after buying an additional 1,001 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Sumitomo Mitsui Financial Group by 11.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock valued at $129,000 after acquiring an additional 1,007 shares in the last quarter. Finally, West Family Investments Inc. increased its position in shares of Sumitomo Mitsui Financial Group by 4.7% in the third quarter. West Family Investments Inc. now owns 26,905 shares of the bank’s stock valued at $340,000 after acquiring an additional 1,220 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

Sumitomo Mitsui Financial Group Price Performance

NYSE:SMFG opened at $14.59 on Friday. The stock has a market capitalization of $95.40 billion, a PE ratio of 12.57, a P/E/G ratio of 3.28 and a beta of 0.63. Sumitomo Mitsui Financial Group, Inc. has a 1-year low of $10.05 and a 1-year high of $15.56. The firm has a fifty day simple moving average of $14.55 and a 200 day simple moving average of $13.62. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.91.

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.