Ballentine Partners LLC Sells 3,946 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Ballentine Partners LLC reduced its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 13.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,207 shares of the bank’s stock after selling 3,946 shares during the quarter. Ballentine Partners LLC’s holdings in Shinhan Financial Group were worth $877,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Orion Portfolio Solutions LLC lifted its holdings in shares of Shinhan Financial Group by 43.6% in the first quarter. Orion Portfolio Solutions LLC now owns 78,315 shares of the bank’s stock worth $2,779,000 after acquiring an additional 23,780 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Shinhan Financial Group by 2.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank’s stock valued at $46,075,000 after purchasing an additional 34,597 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Shinhan Financial Group by 14.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 177,972 shares of the bank’s stock valued at $6,316,000 after buying an additional 22,536 shares in the last quarter. Sei Investments Co. grew its stake in shares of Shinhan Financial Group by 147.5% during the first quarter. Sei Investments Co. now owns 62,068 shares of the bank’s stock worth $2,203,000 after buying an additional 36,993 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Shinhan Financial Group by 156.0% during the first quarter. Acadian Asset Management LLC now owns 274,784 shares of the bank’s stock worth $9,749,000 after buying an additional 167,434 shares in the last quarter. 7.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Shinhan Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th.

Shinhan Financial Group Stock Performance

Shinhan Financial Group stock opened at $42.29 on Tuesday. The business has a 50 day moving average of $40.62 and a 200-day moving average of $36.36. The company has a market capitalization of $21.54 billion, a P/E ratio of 6.97, a P/E/G ratio of 0.74 and a beta of 0.92. Shinhan Financial Group Co., Ltd. has a 1 year low of $25.09 and a 1 year high of $46.05. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.02 and a quick ratio of 1.02.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings results on Friday, July 26th. The bank reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.19. The firm had revenue of $3.25 billion during the quarter. Shinhan Financial Group had a net margin of 12.23% and a return on equity of 7.16%. On average, equities research analysts predict that Shinhan Financial Group Co., Ltd. will post 6.22 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.