Augustine Asset Management Inc. Sells 1,849 Shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Augustine Asset Management Inc. lowered its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 254,696 shares of the bank’s stock after selling 1,849 shares during the period. Sumitomo Mitsui Financial Group makes up 1.0% of Augustine Asset Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Augustine Asset Management Inc.’s holdings in Sumitomo Mitsui Financial Group were worth $3,691,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SMFG. Savant Capital LLC raised its holdings in Sumitomo Mitsui Financial Group by 79.8% in the 4th quarter. Savant Capital LLC now owns 19,775 shares of the bank’s stock valued at $287,000 after acquiring an additional 8,778 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of Sumitomo Mitsui Financial Group by 6.7% during the fourth quarter. Apollon Wealth Management LLC now owns 16,275 shares of the bank’s stock valued at $236,000 after purchasing an additional 1,015 shares during the period. Adero Partners LLC acquired a new position in shares of Sumitomo Mitsui Financial Group in the fourth quarter valued at $152,000. Choreo LLC raised its stake in shares of Sumitomo Mitsui Financial Group by 4.7% in the 4th quarter. Choreo LLC now owns 56,006 shares of the bank’s stock valued at $815,000 after buying an additional 2,539 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in Sumitomo Mitsui Financial Group in the fourth quarter worth about $177,000. Institutional investors own 3.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE:SMFG opened at $14.68 on Wednesday. The stock has a market capitalization of $95.99 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 2.27 and a beta of 0.63. The business’s fifty day moving average price is $14.70 and its two-hundred day moving average price is $13.70. Sumitomo Mitsui Financial Group, Inc. has a fifty-two week low of $10.17 and a fifty-two week high of $15.56. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05.

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.