Clearbridge Investments LLC reduced its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 150,662 shares of the bank's stock after selling 19,862 shares during the quarter. Clearbridge Investments LLC's holdings in Shinhan Financial Group were worth $4,954,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Sierra Ocean LLC bought a new stake in Shinhan Financial Group in the fourth quarter valued at $43,000. R Squared Ltd acquired a new stake in shares of Shinhan Financial Group in the 4th quarter worth about $76,000. Verition Fund Management LLC bought a new stake in Shinhan Financial Group in the 3rd quarter valued at about $202,000. M&T Bank Corp grew its position in Shinhan Financial Group by 11.7% in the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank's stock worth $205,000 after purchasing an additional 655 shares during the last quarter. Finally, Glenmede Trust Co. NA bought a new position in Shinhan Financial Group in the 3rd quarter worth about $237,000. 7.76% of the stock is owned by institutional investors and hedge funds.
Shinhan Financial Group Stock Performance
Shares of NYSE SHG traded down $0.79 during midday trading on Tuesday, hitting $29.94. 90,653 shares of the company's stock were exchanged, compared to its average volume of 265,527. Shinhan Financial Group Co., Ltd. has a twelve month low of $29.25 and a twelve 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 firm has a market cap of $15.07 billion, a P/E ratio of 4.70, a PEG ratio of 0.44 and a beta of 0.85. The stock's 50 day moving average price is $33.08 and its 200-day moving average price is $36.29.
Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. The business had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. Equities research analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current year.
Shinhan Financial Group Company Profile
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Free Report)
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.
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