OVERSEA CHINESE BANKING Corp Ltd Trims Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

OVERSEA CHINESE BANKING Corp Ltd trimmed its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 30.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 37,362 shares of the bank’s stock after selling 16,529 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Shinhan Financial Group were worth $1,228,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in shares of Shinhan Financial Group in the 4th quarter valued at approximately $43,000. R Squared Ltd purchased a new stake in shares of Shinhan Financial Group in the 4th quarter valued at approximately $76,000. Verition Fund Management LLC purchased a new stake in shares of Shinhan Financial Group in the 3rd quarter valued at 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 Price Performance

Shares of SHG opened at $32.82 on Thursday. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $29.25 and a fifty-two week high of $46.05. The firm’s 50 day moving average price is $33.70 and its 200 day moving average price is $37.22. The company has a market cap of $16.52 billion, a P/E ratio of 5.15, a PEG ratio of 0.44 and a beta of 0.89. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53.

Shinhan Financial Group (NYSE:SHG) last announced its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share 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. On average, research analysts forecast 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.