Sumitomo Mitsui Trust Group Inc. Cuts Stock Holdings in SoFi Technologies, Inc. $SOFI

by · The Cerbat Gem

Sumitomo Mitsui Trust Group Inc. trimmed its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI – Free Report) by 13.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,533,208 shares of the company’s stock after selling 828,601 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in SoFi Technologies were worth $144,859,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after acquiring an additional 878 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in SoFi Technologies during the fourth quarter valued at $28,000. Salomon & Ludwin LLC bought a new position in SoFi Technologies during the third quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SoFi Technologies during the fourth quarter valued at $29,000. Finally, SJS Investment Consulting Inc. lifted its position in SoFi Technologies by 840.3% during the third quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citizens Jmp upgraded shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research report on Monday, February 9th. UBS Group set a $24.50 price objective on shares of SoFi Technologies in a research report on Monday, February 2nd. Wells Fargo & Company lowered their price objective on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday. Barclays lowered their price objective on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Finally, The Goldman Sachs Group lowered their price objective on shares of SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.09.

View Our Latest Stock Report on SOFI

SoFi Technologies Price Performance

SoFi Technologies stock opened at $16.22 on Monday. The firm has a 50-day moving average price of $18.18 and a 200-day moving average price of $24.19. The firm has a market capitalization of $20.68 billion, a PE ratio of 42.69 and a beta of 2.24. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17. SoFi Technologies, Inc. has a 12-month low of $10.07 and a 12-month high of $32.73.

SoFi Technologies (NASDAQ:SOFI – Get Free Report) last released its earnings results on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The business’s revenue was up 39.6% on a year-over-year basis. During the same quarter last year, the business earned $0.05 EPS. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Transactions at SoFi Technologies

In other news, CEO Anthony Noto bought 28,900 shares of the stock in a transaction dated Tuesday, March 17th. The stock was purchased at an average price of $17.32 per share, for a total transaction of $500,548.00. Following the acquisition, the chief executive officer owned 11,704,352 shares of the company’s stock, valued at $202,719,376.64. The trade was a 0.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 94,958 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the completion of the sale, the chief technology officer owned 839,640 shares of the company’s stock, valued at $14,634,925.20. This trade represents a 10.16% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have purchased 38,900 shares of company stock worth $705,398 and have sold 218,148 shares worth $4,161,735. Insiders own 2.60% of the company’s stock.

SoFi Technologies Company Profile

(Free Report)

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.

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