RNC Capital Management LLC Has $525,000 Holdings in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

RNC Capital Management LLC lessened its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,220 shares of the bank’s stock after selling 995 shares during the period. RNC Capital Management LLC’s holdings in Sumitomo Mitsui Financial Group were worth $525,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new position in shares of Sumitomo Mitsui Financial Group during the 4th quarter worth approximately $30,000. Richardson Financial Services Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 36.8% during the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank’s stock worth $51,000 after acquiring an additional 940 shares in the last quarter. Bruce G. Allen Investments LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 29.5% during the 4th quarter. Bruce G. Allen Investments LLC now owns 5,445 shares of the bank’s stock worth $79,000 after acquiring an additional 1,239 shares in the last quarter. Assetmark Inc. boosted its position in shares of Sumitomo Mitsui Financial Group by 23.6% during the 3rd quarter. Assetmark Inc. now owns 8,738 shares of the bank’s stock worth $110,000 after acquiring an additional 1,669 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Sumitomo Mitsui Financial Group by 11.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,183 shares of the bank’s stock worth $129,000 after acquiring an additional 1,007 shares in the last quarter. Institutional investors and hedge funds own 3.85% of the company’s stock.

Analysts Set New Price Targets

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

Sumitomo Mitsui Financial Group Stock Performance

NYSE SMFG opened at $15.06 on Friday. The firm has a market capitalization of $98.47 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 2.25 and a beta of 0.63. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.94. The firm’s 50 day simple moving average is $14.69 and its 200 day simple moving average is $13.68. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $10.10 and a 1 year high of $15.56.

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.