Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Holdings Cut by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Sumitomo Mitsui Financial Group by 12.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 405,921 shares of the bank’s stock valued at $5,127,000 after buying an additional 45,761 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 76.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 576,485 shares of the bank’s stock valued at $8,301,000 after acquiring an additional 249,543 shares during the period. Capital Insight Partners LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 59.9% during the fourth quarter. Capital Insight Partners LLC now owns 49,157 shares of the bank’s stock valued at $712,000 after acquiring an additional 18,415 shares during the period. Cerity Partners LLC increased its stake in shares of Sumitomo Mitsui Financial Group by 31.7% during the third quarter. Cerity Partners LLC now owns 353,043 shares of the bank’s stock valued at $4,459,000 after acquiring an additional 84,989 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Sumitomo Mitsui Financial Group by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 1,369,950 shares of the bank’s stock valued at $17,302,000 after acquiring an additional 517,179 shares during the period. Institutional investors own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Price Performance

NYSE SMFG opened at $15.91 on Friday. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.74 and a 12 month high of $15.96. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a market capitalization of $102.97 billion, a PE ratio of 15.44, a P/E/G ratio of 2.36 and a beta of 0.59. The company’s 50 day simple moving average is $15.02 and its 200 day simple moving average is $14.05.

Analyst Ratings Changes

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

Sumitomo Mitsui Financial Group Company 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.