Blue Trust Inc. Sells 31,526 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Blue Trust Inc. decreased its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 57.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,970 shares of the bank's stock after selling 31,526 shares during the period. Blue Trust Inc.'s holdings in Shinhan Financial Group were worth $755,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. V Square Quantitative Management LLC grew its position in Shinhan Financial Group by 29.9% in the 4th quarter. V Square Quantitative Management LLC now owns 23,346 shares of the bank's stock worth $761,000 after purchasing an additional 5,373 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Shinhan Financial Group by 514.6% in the fourth quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank's stock valued at $1,551,000 after acquiring an additional 39,500 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Shinhan Financial Group during the fourth quarter valued at approximately $76,000. SG Americas Securities LLC bought a new stake in Shinhan Financial Group during the fourth quarter worth $333,000. Finally, Aaron Wealth Advisors LLC boosted its position in Shinhan Financial Group by 3.9% in the fourth quarter. Aaron Wealth Advisors LLC now owns 7,627 shares of the bank's stock worth $251,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Stock Performance

Shares of Shinhan Financial Group stock traded down $0.41 during trading hours on Wednesday, hitting $33.93. 363,376 shares of the company's stock traded hands, compared to its average volume of 221,584. The stock has a market capitalization of $17.08 billion, a price-to-earnings ratio of 5.33, a PEG ratio of 0.50 and a beta of 0.94. Shinhan Financial Group Co., Ltd. has a 12-month low of $29.25 and a 12-month high of $46.05. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. The company has a fifty day simple moving average of $34.33 and a 200-day simple moving average of $38.61.

Shinhan Financial Group Company 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.