Parallel Advisors LLC Trims Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Parallel Advisors LLC lowered its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 8.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,407 shares of the bank’s stock after selling 1,302 shares during the quarter. Parallel Advisors LLC’s holdings in Shinhan Financial Group were worth $441,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Sierra Ocean LLC purchased a new stake in Shinhan Financial Group in the fourth quarter worth $43,000. R Squared Ltd purchased a new stake in shares of Shinhan Financial Group in the 4th quarter worth about $76,000. Verition Fund Management LLC bought a new stake in shares of Shinhan Financial Group during the 3rd quarter valued at about $202,000. Canopy Partners LLC purchased a new position in shares of Shinhan Financial Group during the third quarter valued at about $218,000. Finally, M&T Bank Corp bought a new position in Shinhan Financial Group in the third quarter worth about $237,000. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Stock Performance

Shares of SHG opened at $32.61 on Friday. Shinhan Financial Group Co., Ltd. has a one year low of $29.25 and a one year high of $46.05. The company has a 50-day simple moving average of $33.65 and a two-hundred day simple moving average of $37.12. 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 capitalization of $16.42 billion, a PE ratio of 5.12, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.

Shinhan Financial Group (NYSE:SHG) last released its earnings results on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. The company had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. On average, analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal year.

Shinhan Financial Group Company 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.