Arrowstreet Capital Limited Partnership Trims Stock Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Arrowstreet Capital Limited Partnership lowered its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 643,712 shares of the bank’s stock after selling 17,053 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.13% of Shinhan Financial Group worth $21,165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC lifted its holdings in shares of Shinhan Financial Group by 41.4% during the third quarter. Cerity Partners LLC now owns 25,029 shares of the bank’s stock valued at $1,060,000 after purchasing an additional 7,327 shares during the last quarter. FMR LLC raised its stake in Shinhan Financial Group by 83.4% during the third quarter. FMR LLC now owns 45,167 shares of the bank’s stock valued at $1,914,000 after buying an additional 20,534 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Shinhan Financial Group by 117.8% in the third quarter. BNP Paribas Financial Markets now owns 27,573 shares of the bank’s stock worth $1,168,000 after acquiring an additional 14,915 shares in the last quarter. Townsquare Capital LLC purchased a new stake in shares of Shinhan Financial Group in the third quarter worth $286,000. Finally, Glenmede Trust Co. NA bought a new position in shares of Shinhan Financial Group during the third quarter valued at $237,000. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

SHG opened at $31.99 on Friday. Shinhan Financial Group Co., Ltd. has a 1 year low of $29.25 and a 1 year high of $46.05. The stock has a 50-day moving average price of $33.25 and a 200-day moving average price of $36.55. The firm has a market cap of $16.10 billion, a PE ratio of 5.02, a P/E/G ratio of 0.44 and a beta of 0.89. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04.

Shinhan Financial Group (NYSE:SHG) last issued its 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 net margin of 12.21% and a return on equity of 7.34%. Sell-side analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current fiscal 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.