Atlas Capital Advisors Inc. Cuts Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Atlas Capital Advisors Inc. cut its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 27.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,639 shares of the bank’s stock after selling 2,820 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Shinhan Financial Group were worth $251,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Stifel Financial Corp raised its stake in Shinhan Financial Group by 121.8% during the 3rd quarter. Stifel Financial Corp now owns 27,782 shares of the bank’s stock valued at $1,177,000 after purchasing an additional 15,256 shares during the period. AMG National Trust Bank purchased a new position in shares of Shinhan Financial Group in the fourth quarter worth $1,009,000. Sanctuary Advisors LLC boosted its position in shares of Shinhan Financial Group by 8.7% during the third quarter. Sanctuary Advisors LLC now owns 9,210 shares of the bank’s stock worth $366,000 after acquiring an additional 735 shares during the last quarter. Yousif Capital Management LLC grew its stake in Shinhan Financial Group by 514.6% during the fourth quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank’s stock valued at $1,551,000 after acquiring an additional 39,500 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Shinhan Financial Group by 33.8% in the 4th quarter. Blue Trust Inc. now owns 72,898 shares of the bank’s stock valued at $2,397,000 after acquiring an additional 18,402 shares during the last quarter. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Down 3.6 %

SHG opened at $30.83 on Friday. The company has a market capitalization of $15.52 billion, a PE ratio of 4.84, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The firm has a 50-day simple moving average of $33.17 and a two-hundred day simple moving average of $36.47. 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 Co., Ltd. has a 52 week low of $29.25 and a 52 week high of $46.05.

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