Brandes Investment Partners LP trimmed its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG – Free Report) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 466,701 shares of the bank’s stock after selling 9,244 shares during the period. Brandes Investment Partners LP owned approximately 0.09% of Shinhan Financial Group worth $15,345,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Shinhan Financial Group during the fourth quarter worth $43,000. R Squared Ltd purchased a new stake in shares of Shinhan Financial Group during the fourth quarter worth $76,000. Verition Fund Management LLC acquired a new stake in shares of Shinhan Financial Group in the third quarter valued at $202,000. Drive Wealth Management LLC acquired a new stake in shares of Shinhan Financial Group in the third quarter valued at $218,000. Finally, Canopy Partners LLC acquired a new stake in shares of Shinhan Financial Group in the third quarter valued at $218,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.
Shinhan Financial Group Stock Up 0.9 %
Shares of NYSE SHG opened at $31.92 on Friday. The stock has a market cap of $16.07 billion, a P/E ratio of 5.01, a PEG ratio of 0.44 and a beta of 0.89. 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. The business’s fifty day simple moving average is $33.76 and its 200-day simple moving average is $37.49.
Shinhan Financial Group 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.
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