Summit Global Investments reduced its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 53.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,537 shares of the bank's stock after selling 32,268 shares during the quarter. Summit Global Investments' holdings in Shinhan Financial Group were worth $938,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Corient Private Wealth LLC raised its position in shares of Shinhan Financial Group by 21.2% during the 4th quarter. Corient Private Wealth LLC now owns 24,730 shares of the bank's stock worth $813,000 after buying an additional 4,333 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Shinhan Financial Group by 14.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,550 shares of the bank's stock valued at $18,365,000 after acquiring an additional 71,574 shares during the period. HighTower Advisors LLC raised its holdings in Shinhan Financial Group by 37.2% during the fourth quarter. HighTower Advisors LLC now owns 8,962 shares of the bank's stock worth $295,000 after purchasing an additional 2,430 shares in the last quarter. Natural Investments LLC acquired a new stake in Shinhan Financial Group in the fourth quarter worth approximately $891,000. Finally, AMG National Trust Bank bought a new position in Shinhan Financial Group during the 4th 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 SHG traded down $0.13 during midday trading on Thursday, reaching $32.79. The stock had a trading volume of 168,310 shares, compared to its average volume of 160,487. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $16.51 billion, a P/E ratio of 5.15, a P/E/G ratio of 0.44 and a beta of 0.89. The firm's 50 day moving average price is $33.56 and its 200-day moving average price is $36.90. Shinhan Financial Group Co., Ltd. has a 52 week low of $29.25 and a 52 week high of $46.05.
Shinhan Financial Group (NYSE:SHG - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The firm had revenue of $2.82 billion for the quarter. On average, analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current fiscal 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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