Sanders Capital LLC lowered its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 174,896 shares of the bank's stock after selling 20,200 shares during the quarter. Sanders Capital LLC's holdings in Shinhan Financial Group were worth $5,751,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of SHG. Sierra Ocean LLC bought a new stake in Shinhan Financial Group during the 4th quarter worth approximately $43,000. R Squared Ltd bought a new position in shares of Shinhan Financial Group in the fourth quarter worth $76,000. Verition Fund Management LLC bought a new position in Shinhan Financial Group in the 3rd quarter worth about $202,000. Sterling Capital Management LLC raised its stake in Shinhan Financial Group by 8.1% in the fourth quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock valued at $183,000 after purchasing an additional 415 shares in the last quarter. Finally, M&T Bank Corp bought a new position in shares of Shinhan Financial Group in the 3rd quarter worth $237,000. 7.76% of the stock is currently owned by institutional investors.
Shinhan Financial Group Price Performance
Shares of NYSE SHG traded down $0.28 during mid-day trading on Friday, reaching $33.29. 180,058 shares of the company were exchanged, compared to its average volume of 171,359. Shinhan Financial Group Co., Ltd. has a 52 week low of $28.76 and a 52 week high of $46.05. The company's 50 day moving average price is $32.44 and its 200 day moving average price is $35.67. The stock has a market capitalization of $16.76 billion, a PE ratio of 5.23, a PEG ratio of 0.44 and a beta of 0.85. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53.
Shinhan Financial Group (NYSE:SHG - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The firm 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%. Sell-side analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current fiscal year.
Shinhan Financial Group Company Profile
(
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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