Sei Investments Co. lessened its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 14.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,453 shares of the bank's stock after selling 13,762 shares during the period. Sei Investments Co.'s holdings in Shinhan Financial Group were worth $2,645,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the business. Sierra Ocean LLC acquired a new stake in Shinhan Financial Group during the fourth quarter worth approximately $43,000. R Squared Ltd purchased a new position in shares of Shinhan Financial Group in the 4th quarter valued at $76,000. Verition Fund Management LLC purchased a new position in shares of Shinhan Financial Group in the 3rd quarter valued at $202,000. M&T Bank Corp raised its stake in Shinhan Financial Group by 11.7% during the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank's stock worth $205,000 after acquiring an additional 655 shares in the last quarter. Finally, Glenmede Trust Co. NA purchased a new stake in Shinhan Financial Group in the third quarter valued at $237,000. Hedge funds and other institutional investors own 7.76% of the company's stock.
Shinhan Financial Group Stock Performance
Shares of SHG stock traded up $2.47 during mid-day trading on Wednesday, hitting $31.51. 369,915 shares of the stock were exchanged, compared to its average volume of 170,588. The stock's fifty day simple moving average is $32.68 and its two-hundred day simple moving average is $36.05. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. Shinhan Financial Group Co., Ltd. has a 12-month low of $28.76 and a 12-month high of $46.05. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 4.95, a P/E/G ratio of 0.44 and a beta of 0.85.
Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its earnings results 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%. On average, analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current year.
About Shinhan Financial Group
(
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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