EverSource Wealth Advisors LLC Trims Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

EverSource Wealth Advisors LLC cut its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 6.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,443 shares of the bank’s stock after selling 366 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Shinhan Financial Group were worth $179,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in shares of Shinhan Financial Group during the 4th quarter worth approximately $43,000. R Squared Ltd acquired a new stake in shares of Shinhan Financial Group during the 4th quarter worth approximately $76,000. Verition Fund Management LLC acquired a new stake in shares of Shinhan Financial Group during the 3rd quarter worth approximately $202,000. M&T Bank Corp grew its stake in shares of 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 purchasing an additional 655 shares during the period. Finally, Canopy Partners LLC acquired a new stake in shares of 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 Price Performance

Shares of NYSE SHG opened at $31.92 on Monday. The stock has a market capitalization of $16.07 billion, a price-to-earnings ratio of 5.01, a PEG ratio of 0.44 and a beta of 0.89. Shinhan Financial Group Co., Ltd. has a 12 month low of $29.25 and a 12 month high of $46.05. The firm’s 50 day simple moving average is $33.76 and its 200-day simple moving average is $37.40. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04.

Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The firm had revenue of $2.82 billion for the quarter. Analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 EPS 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.