Arrowstreet Capital Limited Partnership Sells 17,053 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Arrowstreet Capital Limited Partnership reduced its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 2.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 643,712 shares of the bank's stock after selling 17,053 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.13% of Shinhan Financial Group worth $21,165,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SHG. Cerity Partners LLC grew its position in Shinhan Financial Group by 41.4% in the third quarter. Cerity Partners LLC now owns 25,029 shares of the bank's stock worth $1,060,000 after acquiring an additional 7,327 shares in the last quarter. FMR LLC boosted its holdings in shares of Shinhan Financial Group by 83.4% in the 3rd quarter. FMR LLC now owns 45,167 shares of the bank's stock worth $1,914,000 after purchasing an additional 20,534 shares during the period. BNP Paribas Financial Markets increased its position in shares of Shinhan Financial Group by 117.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 27,573 shares of the bank's stock valued at $1,168,000 after purchasing an additional 14,915 shares during the last quarter. Townsquare Capital LLC bought a new position in shares of Shinhan Financial Group during the 3rd quarter valued at approximately $286,000. Finally, Glenmede Trust Co. NA purchased a new stake in Shinhan Financial Group during the 3rd quarter valued at $237,000. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Trading Down 5.5 %

NYSE SHG traded down $1.71 on Tuesday, hitting $29.03. 399,064 shares of the stock were exchanged, compared to its average volume of 170,221. Shinhan Financial Group Co., Ltd. has a 52-week low of $28.76 and a 52-week high of $46.05. The firm has a market capitalization of $14.61 billion, a P/E ratio of 4.56, a P/E/G ratio of 0.44 and a beta of 0.85. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a fifty day moving average price of $32.83 and a two-hundred day moving average price of $36.15.

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Shinhan Financial Group (NYSE:SHG - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The company had revenue of $2.82 billion for the quarter. Research analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal year.

Shinhan Financial Group Profile

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.