Laird Norton Wetherby Wealth Management LLC Reduces Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Laird Norton Wetherby Wealth Management LLC lessened its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 18.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,586 shares of the bank’s stock after selling 10,855 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Shinhan Financial Group were worth $1,598,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Shinhan Financial Group during the 4th quarter worth approximately $43,000. R Squared Ltd purchased a new position in Shinhan Financial Group during the 4th quarter worth approximately $76,000. Tower Research Capital LLC TRC grew its stake in Shinhan Financial Group by 1,884.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank’s stock worth $95,000 after buying an additional 2,751 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in Shinhan Financial Group during the 4th quarter worth approximately $125,000. Finally, Sterling Capital Management LLC grew its stake in Shinhan Financial Group by 8.1% during the 4th quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank’s stock worth $183,000 after buying an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Trading Down 0.2%

NYSE:SHG opened at $36.69 on Wednesday. The stock’s 50 day moving average price is $33.28 and its 200 day moving average price is $34.87. The company has a market capitalization of $18.47 billion, a PE ratio of 5.76, a P/E/G ratio of 0.44 and a beta of 0.84. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a 52-week low of $28.76 and a 52-week high of $46.05.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The company had revenue of $2.82 billion during the quarter. On average, research analysts anticipate 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.