Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP trimmed its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) 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 (NYSE:SHG) last announced its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The business 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%. As a group, equities analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal year.

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.