Signaturefd LLC Trims Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Signaturefd LLC trimmed its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 1.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 35,417 shares of the bank’s stock after selling 522 shares during the period. Signaturefd LLC’s holdings in Shinhan Financial Group were worth $1,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in Shinhan Financial Group during the 4th quarter worth approximately $43,000. R Squared Ltd purchased a new stake in Shinhan Financial Group during the 4th quarter worth approximately $76,000. Verition Fund Management LLC purchased a new stake in Shinhan Financial Group during the 3rd quarter worth approximately $202,000. M&T Bank Corp increased its stake in Shinhan Financial Group by 11.7% during the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank’s stock worth $205,000 after buying an additional 655 shares during the period. Finally, Canopy Partners LLC purchased a new stake in Shinhan Financial Group during the 3rd quarter worth approximately $218,000. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Trading Down 0.7 %

Shares of NYSE:SHG opened at $32.36 on Wednesday. Shinhan Financial Group Co., Ltd. has a 52 week low of $29.25 and a 52 week high of $46.05. The company’s 50 day moving average is $33.72 and its two-hundred day moving average is $37.25. 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 company has a market cap of $16.29 billion, a PE ratio of 5.08, a P/E/G ratio of 0.44 and a beta of 0.89.

Shinhan Financial Group (NYSE:SHG) last announced 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 company had revenue of $2.82 billion for the quarter. Equities analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 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.