West Family Investments Inc. Sells 1,707 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

West Family Investments Inc. lowered its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 21.3% in the fourth quarter, Holdings Channel reports. The firm owned 6,292 shares of the bank’s stock after selling 1,707 shares during the period. West Family Investments Inc.’s holdings in Shinhan Financial Group were worth $207,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Shinhan Financial Group in the 4th quarter valued at $574,000. M&T Bank Corp grew its stake in Shinhan Financial Group by 11.7% in the fourth quarter. M&T Bank Corp now owns 6,245 shares of the bank’s stock valued at $205,000 after acquiring an additional 655 shares during the period. SVB Wealth LLC bought a new stake in shares of Shinhan Financial Group in the fourth quarter worth about $246,000. QRG Capital Management Inc. raised its position in shares of Shinhan Financial Group by 13.8% during the fourth quarter. QRG Capital Management Inc. now owns 24,452 shares of the bank’s stock worth $804,000 after purchasing an additional 2,972 shares during the period. Finally, NewEdge Wealth LLC lifted its holdings in shares of Shinhan Financial Group by 6.5% during the 4th quarter. NewEdge Wealth LLC now owns 104,657 shares of the bank’s stock valued at $3,441,000 after purchasing an additional 6,369 shares in the last quarter. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shares of SHG opened at $31.68 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. The firm has a market capitalization of $15.95 billion, a PE ratio of 4.97, a P/E/G ratio of 0.44 and a beta of 0.89. The stock has a 50 day simple moving average of $33.91 and a 200 day simple moving average of $37.94. Shinhan Financial Group Co., Ltd. has a 52-week low of $29.25 and a 52-week high of $46.05.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The company had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. Sell-side analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 EPS 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.