Short Interest in Shinhan Financial Group Co., Ltd. (NYSE:SHG) Decreases By 17.8%

Shinhan Financial Group Co., Ltd. (NYSE:SHG - Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 728,800 shares, a drop of 17.8% from the February 13th total of 886,100 shares. Approximately 0.2% of the company's shares are short sold. Based on an average daily volume of 262,500 shares, the short-interest ratio is currently 2.8 days.

Hedge Funds Weigh In On Shinhan Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake in shares of Shinhan Financial Group by 191.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank's stock valued at $891,000 after buying an additional 13,808 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of Shinhan Financial Group by 14.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 10,767 shares of the bank's stock valued at $456,000 after buying an additional 1,366 shares during the period. Natixis Advisors LLC boosted its stake in shares of Shinhan Financial Group by 25.6% during the 3rd quarter. Natixis Advisors LLC now owns 108,738 shares of the bank's stock valued at $4,607,000 after buying an additional 22,162 shares during the period. Drive Wealth Management LLC acquired a new stake in shares of Shinhan Financial Group during the 3rd quarter valued at $218,000. Finally, Pathstone Holdings LLC boosted its stake in shares of Shinhan Financial Group by 103.9% during the 3rd quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank's stock valued at $3,060,000 after buying an additional 36,815 shares during the period. Institutional investors and hedge funds own 7.76% of the company's stock.

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Shinhan Financial Group Trading Up 0.4 %

Shinhan Financial Group stock traded up $0.12 during midday trading on Friday, reaching $32.61. The stock had a trading volume of 201,509 shares, compared to its average volume of 160,043. The firm's fifty day simple moving average is $33.65 and its two-hundred day simple moving average is $37.12. Shinhan Financial Group has a twelve month low of $29.25 and a twelve month high of $46.05. 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 firm has a market cap of $16.42 billion, a price-to-earnings ratio of 5.12, a PEG ratio of 0.44 and a beta of 0.89.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last posted its quarterly earnings data 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 during the quarter. Equities analysts anticipate that Shinhan Financial Group will post 5.97 EPS 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.