Ramirez Asset Management Inc. Sells 5,019 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Ramirez Asset Management Inc. trimmed its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 2.5% in the fourth quarter, Holdings Channel reports. The fund owned 194,165 shares of the bank’s stock after selling 5,019 shares during the quarter. Shinhan Financial Group comprises approximately 1.3% of Ramirez Asset Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Ramirez Asset Management Inc.’s holdings in Shinhan Financial Group were worth $6,384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Sierra Ocean LLC bought a new position in shares of Shinhan Financial Group during the 4th quarter worth about $43,000. R Squared Ltd bought a new position in Shinhan Financial Group during the fourth quarter valued at about $76,000. Verition Fund Management LLC acquired a new position in Shinhan Financial Group in the 3rd quarter valued at approximately $202,000. M&T Bank Corp lifted its position in shares of Shinhan Financial Group by 11.7% in the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank’s stock worth $205,000 after acquiring an additional 655 shares during the period. Finally, Glenmede Trust Co. NA bought a new stake in shares of Shinhan Financial Group during the third quarter valued at approximately $237,000. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Trading Down 0.4 %

SHG stock opened at $32.79 on Friday. Shinhan Financial Group Co., Ltd. has a 1-year low of $29.25 and a 1-year high of $46.05. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The business’s 50 day moving average is $33.52 and its 200-day moving average is $36.87. The firm has a market cap of $16.51 billion, a P/E ratio of 5.15, a P/E/G ratio of 0.44 and a beta of 0.89.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 EPS 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 for the quarter. Equities analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current fiscal 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.