Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lowered its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 30.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 37,362 shares of the bank's stock after selling 16,529 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Shinhan Financial Group were worth $1,228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SHG. Corient Private Wealth LLC grew its holdings in Shinhan Financial Group by 21.2% during the fourth quarter. Corient Private Wealth LLC now owns 24,730 shares of the bank's stock worth $813,000 after acquiring an additional 4,333 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Shinhan Financial Group by 14.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,550 shares of the bank's stock valued at $18,365,000 after purchasing an additional 71,574 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Shinhan Financial Group by 37.2% during the 4th quarter. HighTower Advisors LLC now owns 8,962 shares of the bank's stock valued at $295,000 after purchasing an additional 2,430 shares in the last quarter. Natural Investments LLC purchased a new stake in Shinhan Financial Group during the fourth quarter worth $891,000. Finally, AMG National Trust Bank acquired a new stake in Shinhan Financial Group during the fourth quarter valued at $1,009,000. Institutional investors and hedge funds own 7.76% of the company's stock.

Shinhan Financial Group Price Performance

Shares of Shinhan Financial Group stock traded up $0.79 during trading hours on Monday, reaching $33.37. The stock had a trading volume of 205,116 shares, compared to its average volume of 160,477. 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 current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $16.80 billion, a PE ratio of 5.24, a PEG ratio of 0.44 and a beta of 0.89. The stock's 50 day moving average is $33.65 and its 200 day moving average is $37.05.

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Shinhan Financial Group (NYSE:SHG - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The company had revenue of $2.82 billion for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. Equities analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 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.