O Shaughnessy Asset Management LLC Decreases Stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

O Shaughnessy Asset Management LLC lessened its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 160,336 shares of the bank’s stock after selling 6,246 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Shinhan Financial Group were worth $5,272,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC boosted its position in Shinhan Financial Group by 41.4% in the third quarter. Cerity Partners LLC now owns 25,029 shares of the bank’s stock worth $1,060,000 after purchasing an additional 7,327 shares during the last quarter. FMR LLC boosted its holdings in shares of Shinhan Financial Group by 83.4% in the 3rd quarter. FMR LLC now owns 45,167 shares of the bank’s stock worth $1,914,000 after buying an additional 20,534 shares during the last quarter. BNP Paribas Financial Markets grew its position in Shinhan Financial Group by 117.8% during the third quarter. BNP Paribas Financial Markets now owns 27,573 shares of the bank’s stock valued at $1,168,000 after buying an additional 14,915 shares during the period. Townsquare Capital LLC purchased a new stake in Shinhan Financial Group during the third quarter worth about $286,000. Finally, Glenmede Trust Co. NA bought a new stake in Shinhan Financial Group in the third quarter worth about $237,000. 7.76% of the stock is owned by institutional investors.

Shinhan Financial Group Stock Up 1.5 %

Shinhan Financial Group stock opened at $32.57 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $16.39 billion, a P/E ratio of 5.11, a P/E/G ratio of 0.44 and a beta of 0.89. The firm has a 50 day moving average price of $33.36 and a 200-day moving average price of $36.61. Shinhan Financial Group Co., Ltd. has a twelve month low of $29.25 and a twelve month high of $46.05.

Shinhan Financial Group (NYSE:SHG) 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 return on equity of 7.34% and a net margin of 12.21%. The business had revenue of $2.82 billion during the quarter. As a group, equities analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 EPS 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.