Crossmark Global Holdings Inc. Sells 15,780 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Crossmark Global Holdings Inc. trimmed its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 40.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,490 shares of the bank's stock after selling 15,780 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Shinhan Financial Group were worth $996,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SHG. Lazard Asset Management LLC boosted its holdings in Shinhan Financial Group by 2.7% during the first quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank's stock valued at $46,075,000 after purchasing an additional 34,597 shares in the last quarter. Pzena Investment Management LLC lifted its stake in Shinhan Financial Group by 27.9% in the second quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank's stock valued at $37,684,000 after buying an additional 236,236 shares during the period. American Century Companies Inc. boosted its position in shares of Shinhan Financial Group by 7.8% during the second quarter. American Century Companies Inc. now owns 646,749 shares of the bank's stock worth $22,513,000 after purchasing an additional 46,720 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Shinhan Financial Group by 16.2% in the second quarter. Acadian Asset Management LLC now owns 319,186 shares of the bank's stock worth $11,106,000 after acquiring an additional 44,402 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Shinhan Financial Group by 14.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 177,972 shares of the bank's stock worth $6,316,000 after acquiring an additional 22,536 shares during the period. 7.76% of the stock is owned by institutional investors.

Shinhan Financial Group Stock Down 4.1 %

SHG stock traded down $1.61 during mid-day trading on Friday, reaching $38.08. The company had a trading volume of 96,220 shares, compared to its average volume of 128,313. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $19.40 billion, a price-to-earnings ratio of 6.00, a PEG ratio of 0.64 and a beta of 0.93. Shinhan Financial Group Co., Ltd. has a 52 week low of $27.09 and a 52 week high of $46.05. The stock has a 50 day simple moving average of $41.33 and a two-hundred day simple moving average of $38.87.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings results on Friday, October 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.02. The company had revenue of $3.11 billion for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.24%. As a group, equities analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share 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.