Dimensional Fund Advisors LP Has $54.57 Million Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Dimensional Fund Advisors LP trimmed its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,567,686 shares of the bank's stock after selling 35,475 shares during the quarter. Dimensional Fund Advisors LP owned about 0.31% of Shinhan Financial Group worth $54,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in Shinhan Financial Group by 68.1% during the first quarter. GAMMA Investing LLC now owns 1,577 shares of the bank's stock worth $56,000 after purchasing an additional 639 shares in the last quarter. SageView Advisory Group LLC bought a new stake in shares of Shinhan Financial Group in the 1st quarter worth $61,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Shinhan Financial Group by 42.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,290 shares of the bank's stock valued at $81,000 after buying an additional 678 shares during the period. Janiczek Wealth Management LLC boosted its stake in Shinhan Financial Group by 25.2% during the first quarter. Janiczek Wealth Management LLC now owns 2,886 shares of the bank's stock valued at $103,000 after buying an additional 581 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in Shinhan Financial Group during the second quarter worth about $107,000. 7.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Shinhan Financial Group from a "buy" rating to a "hold" rating in a report on Thursday, June 6th.

Shinhan Financial Group Stock Down 2.7 %

SHG stock opened at $43.57 on Friday. 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 firm has a market cap of $22.19 billion, a PE ratio of 7.18, a P/E/G ratio of 0.75 and a beta of 0.92. Shinhan Financial Group Co., Ltd. has a 12 month low of $25.09 and a 12 month high of $46.05. The firm has a 50 day simple moving average of $41.95 and a 200 day simple moving average of $37.21.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings data on Friday, July 26th. The bank reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.19. The company had revenue of $3.25 billion during the quarter. Shinhan Financial Group had a return on equity of 7.16% and a net margin of 12.23%. Equities research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.22 earnings per share for the current fiscal year.

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.