Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP reduced its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 466,701 shares of the bank's stock after selling 9,244 shares during the period. Brandes Investment Partners LP owned 0.09% of Shinhan Financial Group worth $15,345,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SHG. Assetmark Inc. boosted its stake in shares of Shinhan Financial Group by 1,535.4% during the 3rd quarter. Assetmark Inc. now owns 23,124 shares of the bank's stock worth $980,000 after purchasing an additional 21,710 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Shinhan Financial Group by 191.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank's stock worth $891,000 after acquiring an additional 13,808 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Shinhan Financial Group by 14.5% in the third quarter. OneDigital Investment Advisors LLC now owns 10,767 shares of the bank's stock worth $456,000 after acquiring an additional 1,366 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Shinhan Financial Group by 25.6% in the third quarter. Natixis Advisors LLC now owns 108,738 shares of the bank's stock worth $4,607,000 after acquiring an additional 22,162 shares during the last quarter. Finally, Drive Wealth Management LLC acquired a new stake in shares of Shinhan Financial Group in the third quarter worth approximately $218,000. 7.76% of the stock is owned by institutional investors and hedge funds.

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Shinhan Financial Group Trading Up 1.5 %

Shares of SHG traded up $0.48 during mid-day trading on Wednesday, hitting $32.82. The company had a trading volume of 353,862 shares, compared to its average volume of 159,718. The business's 50-day simple moving average is $33.72 and its 200-day simple moving average is $37.25. 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 Co., Ltd. has a 1-year low of $29.25 and a 1-year high of $46.05. The stock has a market cap of $16.52 billion, a PE ratio of 5.15, a P/E/G ratio of 0.44 and a beta of 0.89.

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

About Shinhan Financial Group

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.