Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,545 shares of the bank’s stock after selling 2,338 shares during the period. Ritholtz Wealth Management’s holdings in Shinhan Financial Group were worth $2,517,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Shinhan Financial Group by 7.8% in the 2nd quarter. American Century Companies Inc. now owns 646,749 shares of the bank’s stock worth $22,513,000 after acquiring an additional 46,720 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Shinhan Financial Group by 6.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,224 shares of the bank’s stock worth $251,000 after purchasing an additional 421 shares during the period. Envestnet Asset Management Inc. increased its stake in Shinhan Financial Group by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 122,477 shares of the bank’s stock valued at $4,263,000 after purchasing an additional 2,373 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Shinhan Financial Group by 4.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 63,490 shares of the bank’s stock valued at $2,202,000 after purchasing an additional 2,914 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Shinhan Financial Group during the second quarter worth $234,000. 7.76% of the stock is owned by institutional investors.

Shinhan Financial Group Trading Down 1.0 %

NYSE SHG opened at $34.54 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. Shinhan Financial Group Co., Ltd. has a one year low of $27.31 and a one year high of $46.05. The company has a 50-day simple moving average of $36.05 and a 200-day simple moving average of $39.28. The firm has a market capitalization of $17.39 billion, a PE ratio of 5.42, a price-to-earnings-growth ratio of 0.49 and a beta of 0.95.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Friday, October 25th. The bank reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. The company had revenue of $3.11 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. On average, equities analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current 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.