West Family Investments Inc. Sells 1,707 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

West Family Investments Inc. trimmed its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 21.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,292 shares of the bank’s stock after selling 1,707 shares during the period. West Family Investments Inc.’s holdings in Shinhan Financial Group were worth $207,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Shinhan Financial Group by 21.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,976 shares of the bank’s stock worth $20,633,000 after buying an additional 85,539 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Shinhan Financial Group during the third quarter valued at $2,982,000. Public Employees Retirement System of Ohio bought a new position in Shinhan Financial Group in the third quarter valued at about $2,219,000. Yousif Capital Management LLC increased its position in Shinhan Financial Group by 514.6% in the fourth quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank’s stock worth $1,551,000 after purchasing an additional 39,500 shares during the period. Finally, Pathstone Holdings LLC raised its holdings in Shinhan Financial Group by 103.9% during the 3rd quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank’s stock worth $3,060,000 after purchasing an additional 36,815 shares during the last quarter. 7.76% of the stock is owned by institutional investors.

Shinhan Financial Group Stock Down 1.6 %

Shares of NYSE SHG opened at $31.68 on Friday. Shinhan Financial Group Co., Ltd. has a 1 year low of $29.25 and a 1 year high of $46.05. The firm’s 50-day moving average is $33.91 and its 200-day moving average is $37.94. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $15.95 billion, a PE ratio of 4.97, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings data 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. Equities 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.