B. Metzler seel. Sohn & Co. AG Reduces Stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

B. Metzler seel. Sohn & Co. AG decreased its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 0.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 69,729 shares of the bank’s stock after selling 650 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Shinhan Financial Group were worth $2,291,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Stifel Financial Corp increased its position in shares of Shinhan Financial Group by 121.8% during the third quarter. Stifel Financial Corp now owns 27,782 shares of the bank’s stock worth $1,177,000 after purchasing an additional 15,256 shares in the last quarter. AMG National Trust Bank purchased a new stake in Shinhan Financial Group in the fourth quarter valued at approximately $1,009,000. Sanctuary Advisors LLC boosted its holdings in shares of Shinhan Financial Group by 8.7% in the third quarter. Sanctuary Advisors LLC now owns 9,210 shares of the bank’s stock valued at $366,000 after acquiring an additional 735 shares during the period. Yousif Capital Management LLC grew its position in shares of Shinhan Financial Group by 514.6% during the fourth quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank’s stock worth $1,551,000 after acquiring an additional 39,500 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of 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 period. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Up 2.2 %

Shares of NYSE:SHG opened at $33.28 on Thursday. Shinhan Financial Group Co., Ltd. has a 1-year low of $29.25 and a 1-year high of $46.05. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $16.75 billion, a P/E ratio of 5.22, a P/E/G ratio of 0.44 and a beta of 0.89. The firm has a fifty day moving average price of $33.32 and a 200 day moving average price of $36.59.

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. The firm had revenue of $2.82 billion for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. Sell-side analysts predict 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.