Shinhan Financial Group Co., Ltd. (NYSE:SHG) Stock Holdings Reduced by Ballentine Partners LLC

Ballentine Partners LLC cut its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,818 shares of the bank’s stock after selling 1,019 shares during the period. Ballentine Partners LLC’s holdings in Shinhan Financial Group were worth $849,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Pathstone Holdings LLC raised its position in Shinhan Financial Group by 103.9% during the third quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank’s stock valued at $3,060,000 after acquiring an additional 36,815 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Shinhan Financial Group by 121.8% during the 3rd quarter. Stifel Financial Corp now owns 27,782 shares of the bank’s stock worth $1,177,000 after purchasing an additional 15,256 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings 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 purchasing an additional 13,808 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Shinhan Financial Group by 8.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,210 shares of the bank’s stock valued at $366,000 after purchasing an additional 735 shares during the last quarter. Finally, Creative Planning boosted its holdings in Shinhan Financial Group by 21.4% in the third quarter. Creative Planning now owns 121,758 shares of the bank’s stock worth $5,159,000 after purchasing an additional 21,432 shares in the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Trading Down 0.8 %

Shinhan Financial Group stock opened at $35.20 on Thursday. Shinhan Financial Group Co., Ltd. has a one year low of $28.95 and a one year high of $46.05. The company’s fifty day moving average price is $35.85 and its two-hundred day moving average price is $39.28. The company has a market capitalization of $17.72 billion, a price-to-earnings ratio of 5.53, a PEG ratio of 0.50 and a beta of 0.95. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings data on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. The business had revenue of $3.11 billion for 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 6.32 earnings per share 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.