Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 263,452 shares of the bank’s stock after selling 3,519 shares during the period. Wellington Management Group LLP owned 0.05% of Shinhan Financial Group worth $11,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SHG. Pzena Investment Management LLC raised its holdings in shares of Shinhan Financial Group by 27.9% in the second quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank’s stock worth $37,684,000 after acquiring an additional 236,236 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Shinhan Financial Group by 21.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,976 shares of the bank’s stock worth $20,633,000 after purchasing an additional 85,539 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Shinhan Financial Group in the 3rd quarter valued at about $2,982,000. Marshall Wace LLP purchased a new position in Shinhan Financial Group in the 2nd quarter valued at about $2,332,000. Finally, Summit Global Investments boosted its stake in shares of Shinhan Financial Group by 79.3% during the 2nd quarter. Summit Global Investments now owns 121,081 shares of the bank’s stock worth $4,215,000 after purchasing an additional 53,545 shares during the last quarter. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Performance

NYSE:SHG opened at $34.93 on Monday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $17.59 billion, a PE ratio of 5.48, a P/E/G ratio of 0.57 and a beta of 0.92. The firm has a 50 day simple moving average of $39.55 and a 200-day simple moving average of $39.40. Shinhan Financial Group Co., Ltd. has a 1-year low of $27.09 and a 1-year high of $46.05.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Friday, October 25th. The bank reported $1.76 earnings per share 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 company had revenue of $3.11 billion during the quarter. On average, equities analysts expect that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current 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.