Shinhan Financial Group Co., Ltd. (NYSE:SHG) Short Interest Down 35.4% in March

Shinhan Financial Group Co., Ltd. (NYSE:SHG) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 470,700 shares, a decrease of 35.4% from the February 28th total of 728,800 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 262,400 shares, the short-interest ratio is currently 1.8 days.

Shinhan Financial Group Price Performance

Shares of SHG traded down $0.96 during trading hours on Friday, hitting $31.83. 211,132 shares of the company were exchanged, compared to its average volume of 165,997. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $16.02 billion, a PE ratio of 5.00, a PEG ratio of 0.44 and a beta of 0.89. The firm has a fifty day simple moving average of $33.47 and a 200-day simple moving average of $36.74. Shinhan Financial Group has a one year low of $29.25 and a one year high of $46.05.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The firm had revenue of $2.82 billion for the quarter. As a group, sell-side analysts predict that Shinhan Financial Group will post 5.97 earnings per share for the current year.

Institutional Trading of Shinhan Financial Group

Hedge funds have recently modified their holdings of the business. Northern Trust Corp boosted its position in Shinhan Financial Group by 249.2% during the 4th quarter. Northern Trust Corp now owns 1,445,120 shares of the bank’s stock worth $47,516,000 after acquiring an additional 1,031,257 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Shinhan Financial Group by 4.4% during the fourth quarter. Lazard Asset Management LLC now owns 1,353,820 shares of the bank’s stock worth $44,513,000 after purchasing an additional 57,640 shares during the period. American Century Companies Inc. grew its position in Shinhan Financial Group by 5.7% during the fourth quarter. American Century Companies Inc. now owns 786,028 shares of the bank’s stock valued at $25,845,000 after purchasing an additional 42,575 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Shinhan Financial Group by 14.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,550 shares of the bank’s stock worth $18,365,000 after buying an additional 71,574 shares in the last quarter. Finally, Causeway Capital Management LLC boosted its stake in shares of Shinhan Financial Group by 6.8% during the 4th quarter. Causeway Capital Management LLC now owns 325,639 shares of the bank’s stock valued at $10,707,000 after buying an additional 20,766 shares during the period. Hedge funds and other institutional investors own 7.76% of the company’s stock.

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.