Sumitomo Mitsui Trust Group Inc. Sells 828,601 Shares of SoFi Technologies, Inc. $SOFI

Key Points

• Sumitomo Mitsui Trust Group Inc. cut its stake in SoFi by 13%, selling 828,601 shares and now holds 5,533,208 shares (~0.46%) valued at about $144.86 million.
• Insiders showed mixed activity: director Steven J. Freiberg sold 94,225 shares while CEO Anthony Noto bought 28,900 shares; over the quarter insiders sold 218,148 shares and bought 38,900, leaving insiders with 2.60% ownership.
• Wall Street sentiment is tepid—SoFi's average analyst rating is Hold with an average price target of $25.09 after several recent price-target cuts and downgrades.

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,533,208 shares of the company's stock after selling 828,601 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.46% of SoFi Technologies worth $144,859,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SOFI. Vanguard Group Inc. raised its position in SoFi Technologies by 6.8% in the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company's stock worth $2,829,640,000 after acquiring an additional 6,814,727 shares during the period. Firsthand Capital Management Inc. raised its position in SoFi Technologies by 60.0% in the third quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company's stock worth $2,114,000 after acquiring an additional 30,000 shares during the period. Marex Group plc bought a new position in SoFi Technologies in the second quarter worth approximately $11,179,000. SG Americas Securities LLC raised its position in SoFi Technologies by 161.6% in the fourth quarter. SG Americas Securities LLC now owns 902,392 shares of the company's stock worth $23,625,000 after acquiring an additional 557,390 shares during the period. Finally, Thoroughbred Financial Services LLC raised its position in SoFi Technologies by 212.2% in the third quarter. Thoroughbred Financial Services LLC now owns 40,140 shares of the company's stock worth $1,060,000 after acquiring an additional 27,283 shares during the period. Institutional investors own 38.43% of the company's stock.

Wall Street Analysts Forecast Growth

SOFI has been the topic of several recent research reports. Needham & Company LLC decreased their price target on shares of SoFi Technologies from $36.00 to $33.00 and set a "buy" rating on the stock in a research report on Monday, February 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of SoFi Technologies in a research report on Thursday, January 22nd. Bank of America initiated coverage on shares of SoFi Technologies in a research report on Tuesday, January 6th. They issued an "underperform" rating and a $20.50 price target on the stock. Keefe, Bruyette & Woods decreased their price target on shares of SoFi Technologies from $20.00 to $17.00 and set an "underperform" rating on the stock in a research report on Thursday. Finally, Barclays reduced 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 note on Monday, April 6th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $25.09.

Insider Transactions at SoFi Technologies

In related news, Director Steven J. Freiberg sold 94,225 shares of the firm's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $20.31, for a total transaction of $1,913,709.75. Following the completion of the transaction, the director directly owned 588,849 shares of the company's stock, valued at approximately $11,959,523.19. This trade represents a 13.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony Noto bought 28,900 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average cost of $17.32 per share, with a total value of $500,548.00. Following the completion of the purchase, the chief executive officer directly owned 11,704,352 shares of the company's stock, valued at $202,719,376.64. This represents a 0.25% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 38,900 shares of company stock valued at $705,398 and sold 218,148 shares valued at $4,161,735. 2.60% of the stock is currently owned by company insiders.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI opened at $16.22 on Monday. The firm has a fifty day moving average price of $18.18 and a 200-day moving average price of $24.19. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.18. The stock has a market cap of $20.68 billion, a PE ratio of 42.69 and a beta of 2.24. SoFi Technologies, Inc. has a 1 year low of $10.07 and a 1 year high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $984.75 million. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The company's revenue for the quarter was up 39.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 earnings per share. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

SoFi Technologies Profile

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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