New Republic Capital LLC Trims Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

New Republic Capital LLC cut its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 12.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,440 shares of the bank’s stock after selling 1,922 shares during the quarter. New Republic Capital LLC’s holdings in Sumitomo Mitsui Financial Group were worth $195,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Sumitomo Mitsui Financial Group by 60.6% during the 3rd 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 last quarter. Benson Investment Management Company Inc. purchased a new stake in Sumitomo Mitsui Financial Group in the third quarter valued at approximately $5,182,000. FMR LLC increased its position in Sumitomo Mitsui Financial Group by 5.0% during the third quarter. FMR LLC now owns 7,193,840 shares of the bank’s stock worth $90,858,000 after purchasing an additional 342,604 shares during the last quarter. Leuthold Group LLC purchased a new position in Sumitomo Mitsui Financial Group during the third quarter worth approximately $3,907,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Sumitomo Mitsui Financial Group by 844.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 326,942 shares of the bank’s stock valued at $4,129,000 after purchasing an additional 292,334 shares during the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Sumitomo Mitsui Financial Group Stock Performance

Sumitomo Mitsui Financial Group stock opened at $14.68 on Wednesday. The company has a market cap 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. Sumitomo Mitsui Financial Group, Inc. has a 12 month low of $10.17 and a 12 month 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. The stock’s 50-day moving average is $14.70 and its 200-day moving average is $13.70.

Analysts Set New Price Targets

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

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.