Atlas Capital Advisors Inc. Sells 2,820 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Atlas Capital Advisors Inc. trimmed its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 27.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,639 shares of the bank’s stock after selling 2,820 shares during the period. Atlas Capital Advisors Inc.’s holdings in Shinhan Financial Group were worth $251,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHG. FMR LLC boosted its stake in Shinhan Financial Group by 83.4% during the third quarter. FMR LLC now owns 45,167 shares of the bank’s stock worth $1,914,000 after buying an additional 20,534 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Shinhan Financial Group by 117.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 27,573 shares of the bank’s stock worth $1,168,000 after purchasing an additional 14,915 shares during the period. Townsquare Capital LLC bought a new position in Shinhan Financial Group during the 3rd quarter valued at about $286,000. Glenmede Trust Co. NA purchased a new stake in Shinhan Financial Group in the 3rd quarter worth about $237,000. Finally, Verition Fund Management LLC bought a new stake in Shinhan Financial Group in the third quarter worth about $202,000. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Trading Down 3.6 %

SHG opened at $30.83 on Friday. 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 stock’s 50 day moving average price is $33.17 and its 200-day moving average price is $36.47. Shinhan Financial Group Co., Ltd. has a one year low of $29.25 and a one year high of $46.05. The stock has a market cap of $15.52 billion, a price-to-earnings ratio of 4.84, a P/E/G ratio of 0.44 and a beta of 0.89.

Shinhan Financial Group (NYSE:SHG) last announced 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. On average, equities analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 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.