Sequoia Financial Advisors LLC Lowers Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Sequoia Financial Advisors LLC cut its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,607 shares of the bank’s stock after selling 384 shares during the period. Sequoia Financial Advisors LLC’s holdings in Shinhan Financial Group were worth $915,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Shinhan Financial Group by 42.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,290 shares of the bank’s stock worth $81,000 after buying an additional 678 shares during the last quarter. Blue Trust Inc. lifted its holdings in Shinhan Financial Group by 9.6% in the first quarter. Blue Trust Inc. now owns 13,035 shares of the bank’s stock valued at $463,000 after buying an additional 1,146 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Shinhan Financial Group in the first quarter valued at approximately $244,000. Signaturefd LLC increased its position in shares of Shinhan Financial Group by 1.5% during the first quarter. Signaturefd LLC now owns 36,655 shares of the bank’s stock worth $1,301,000 after acquiring an additional 545 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Shinhan Financial Group during the first quarter worth $241,000. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

NYSE SHG opened at $41.32 on Friday. Shinhan Financial Group Co., Ltd. has a 52-week low of $25.09 and a 52-week high of $46.05. The stock has a market cap of $21.05 billion, a PE ratio of 6.64, a P/E/G ratio of 0.72 and a beta of 0.92. The firm has a 50-day moving average of $42.35 and a 200-day moving average of $37.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.02 and a current ratio of 1.02.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Friday, July 26th. The bank reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.19. The firm had revenue of $3.25 billion for the quarter. Shinhan Financial Group had a net margin of 12.23% and a return on equity of 7.16%. On average, sell-side analysts anticipate that Shinhan Financial Group Co., Ltd. will post 6.22 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.