Ramirez Asset Management Inc. Decreases Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Ramirez Asset Management Inc. lessened its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 194,165 shares of the bank’s stock after selling 5,019 shares during the quarter. Shinhan Financial Group accounts for 1.3% of Ramirez Asset Management Inc.’s investment portfolio, making the stock its 16th biggest position. Ramirez Asset Management Inc.’s holdings in Shinhan Financial Group were worth $6,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of SHG. Sierra Ocean LLC acquired a new position in shares of Shinhan Financial Group in the fourth quarter worth about $43,000. R Squared Ltd bought a new stake in shares of Shinhan Financial Group in the fourth quarter worth $76,000. Verition Fund Management LLC acquired a new stake in Shinhan Financial Group in the third quarter valued at $202,000. M&T Bank Corp bought a new stake in shares of Shinhan Financial Group in the 3rd quarter worth about $237,000. Finally, Glenmede Trust Co. NA bought a new position in shares of Shinhan Financial Group during the third quarter worth about $237,000. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

SHG stock opened at $32.79 on Friday. The firm has a market cap of $16.51 billion, a P/E ratio of 5.15, a P/E/G ratio of 0.44 and a beta of 0.89. The stock’s 50 day simple moving average is $33.52 and its 200 day simple moving average is $36.87. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a 12-month low of $29.25 and a 12-month high of $46.05.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The company had revenue of $2.82 billion during the quarter. As a group, equities research analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current year.

About Shinhan Financial Group

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.