Ballentine Partners LLC Sells 1,019 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Ballentine Partners LLC decreased its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 3.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,818 shares of the bank’s stock after selling 1,019 shares during the quarter. Ballentine Partners LLC’s holdings in Shinhan Financial Group were worth $849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHG. Envestnet Asset Management Inc. lifted its holdings in shares of Shinhan Financial Group by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 122,477 shares of the bank’s stock worth $4,263,000 after buying an additional 2,373 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Shinhan Financial Group during the 2nd quarter valued at $234,000. XTX Topco Ltd bought a new stake in Shinhan Financial Group in the 2nd quarter valued at $232,000. Profund Advisors LLC boosted its holdings in Shinhan Financial Group by 3.5% in the 2nd quarter. Profund Advisors LLC now owns 9,537 shares of the bank’s stock valued at $332,000 after purchasing an additional 323 shares during the period. Finally, Gabelli Funds LLC grew its position in Shinhan Financial Group by 3.9% in the 2nd quarter. Gabelli Funds LLC now owns 30,600 shares of the bank’s stock worth $1,065,000 after purchasing an additional 1,150 shares during the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Stock Down 0.8 %

Shares of SHG opened at $35.20 on Thursday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50-day simple moving average of $35.85 and a 200-day simple moving average of $39.28. Shinhan Financial Group Co., Ltd. has a 52 week low of $28.95 and a 52 week high of $46.05. The firm has a market capitalization of $17.72 billion, a P/E ratio of 5.53, a P/E/G ratio of 0.50 and a beta of 0.95.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings results on Friday, October 25th. The bank reported $1.76 EPS for the quarter, beating the consensus estimate of $1.74 by $0.02. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The firm had revenue of $3.11 billion during the quarter. On average, equities research analysts expect that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current 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.