Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Sold by Caprock Group LLC

Caprock Group LLC decreased its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 8.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,587 shares of the bank’s stock after selling 1,198 shares during the quarter. Caprock Group LLC’s holdings in Shinhan Financial Group were worth $533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Pathstone Holdings LLC boosted its holdings in Shinhan Financial Group by 103.9% in the 3rd quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank’s stock worth $3,060,000 after buying an additional 36,815 shares during the last quarter. Drive Wealth Management LLC acquired a new stake in shares of Shinhan Financial Group in the third quarter worth approximately $218,000. Natixis Advisors LLC increased its position in shares of Shinhan Financial Group by 25.6% during the third quarter. Natixis Advisors LLC now owns 108,738 shares of the bank’s stock worth $4,607,000 after purchasing an additional 22,162 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in Shinhan Financial Group by 14.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 10,767 shares of the bank’s stock valued at $456,000 after purchasing an additional 1,366 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Shinhan Financial Group by 191.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank’s stock valued at $891,000 after purchasing an additional 13,808 shares in the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shinhan Financial Group stock opened at $39.75 on Friday. The company has a fifty day simple moving average of $41.02 and a 200-day simple moving average of $39.07. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $20.25 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 0.63 and a beta of 0.93. Shinhan Financial Group Co., Ltd. has a 52-week low of $27.09 and a 52-week high of $46.05.

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