OVERSEA CHINESE BANKING Corp Ltd Sells 44,150 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

OVERSEA CHINESE BANKING Corp Ltd decreased its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 45.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,891 shares of the bank's stock after selling 44,150 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Shinhan Financial Group were worth $2,283,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SHG. SageView Advisory Group LLC purchased a new stake in shares of Shinhan Financial Group during the 1st quarter worth about $61,000. FSC Wealth Advisors LLC acquired a new stake in Shinhan Financial Group in the third quarter valued at approximately $76,000. Allspring Global Investments Holdings LLC grew its position in 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 worth $81,000 after acquiring an additional 678 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Shinhan Financial Group by 45.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,988 shares of the bank's stock worth $84,000 after purchasing an additional 621 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in shares of Shinhan Financial Group during the 2nd quarter valued at $107,000. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Up 0.5 %

Shinhan Financial Group stock traded up $0.20 during mid-day trading on Wednesday, hitting $39.58. 95,236 shares of the company's stock were exchanged, compared to its average volume of 128,288. Shinhan Financial Group Co., Ltd. has a 1-year low of $27.06 and a 1-year high of $46.05. The stock has a 50 day moving average of $41.43 and a two-hundred day moving average of $38.86. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.50. The stock has a market cap of $20.16 billion, a P/E ratio of 6.24, a P/E/G ratio of 0.64 and a beta of 0.93.

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