Schechter Investment Advisors LLC Cuts Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Schechter Investment Advisors LLC reduced its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,360 shares of the bank’s stock after selling 1,267 shares during the period. Schechter Investment Advisors LLC’s holdings in Shinhan Financial Group were worth $900,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SHG. Allspring Global Investments Holdings LLC increased its stake in Shinhan Financial Group by 34.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank’s stock worth $130,000 after buying an additional 789 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Shinhan Financial Group during the 3rd quarter worth approximately $334,000. QRG Capital Management Inc. increased its stake in Shinhan Financial Group by 41.6% during the 3rd quarter. QRG Capital Management Inc. now owns 21,480 shares of the bank’s stock worth $910,000 after buying an additional 6,307 shares in the last quarter. Assetmark Inc. increased its stake in 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 buying an additional 21,710 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Shinhan Financial Group by 191.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank’s stock worth $891,000 after buying an additional 13,808 shares in the last quarter. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Shinhan Financial Group Price Performance

NYSE:SHG opened at $31.79 on Tuesday. Shinhan Financial Group Co., Ltd. has a 12 month low of $29.25 and a 12 month high of $46.05. The stock has a 50 day moving average of $34.07 and a two-hundred day moving average of $38.18. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The firm has a market cap of $16.00 billion, a P/E ratio of 4.99, a price-to-earnings-growth ratio of 0.44 and a beta of 0.94.

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.