Assetmark Inc. Sells 20,307 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Assetmark Inc. decreased its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 87.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,817 shares of the bank's stock after selling 20,307 shares during the quarter. Assetmark Inc.'s holdings in Shinhan Financial Group were worth $93,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Pathstone Holdings LLC lifted its holdings in Shinhan Financial Group by 103.9% in the 3rd quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank's stock worth $3,060,000 after purchasing an additional 36,815 shares during the last quarter. Stifel Financial Corp lifted its holdings in Shinhan Financial Group by 121.8% in the 3rd quarter. Stifel Financial Corp now owns 27,782 shares of the bank's stock worth $1,177,000 after purchasing an additional 15,256 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Shinhan Financial Group by 191.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank's stock worth $891,000 after purchasing an additional 13,808 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in Shinhan Financial Group by 8.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,210 shares of the bank's stock worth $366,000 after purchasing an additional 735 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of Shinhan Financial Group by 514.6% during the fourth quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank's stock worth $1,551,000 after buying an additional 39,500 shares during the last quarter. Institutional investors own 7.76% of the company's stock.

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Shinhan Financial Group Stock Performance

Shares of SHG stock traded down $0.23 during trading hours on Tuesday, reaching $32.36. 247,015 shares of the company's stock were exchanged, compared to its average volume of 158,914. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $29.25 and a fifty-two week high of $46.05. The stock has a market capitalization of $16.29 billion, a P/E ratio of 5.08, a P/E/G ratio of 0.44 and a beta of 0.89. The business has a fifty day moving average price of $33.74 and a 200-day moving average price of $37.32. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53.

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

About Shinhan Financial Group

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.