Sanders Capital LLC Sells 20,200 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Sanders Capital LLC decreased its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 10.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 174,896 shares of the bank’s stock after selling 20,200 shares during the quarter. Sanders Capital LLC’s holdings in Shinhan Financial Group were worth $5,751,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Stifel Financial Corp lifted its holdings in shares of Shinhan Financial Group by 121.8% in the third quarter. Stifel Financial Corp now owns 27,782 shares of the bank’s stock valued at $1,177,000 after purchasing an additional 15,256 shares in the last quarter. AMG National Trust Bank bought a new position in Shinhan Financial Group during the 4th quarter valued at $1,009,000. Sanctuary Advisors LLC boosted its holdings in Shinhan Financial Group by 8.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,210 shares of the bank’s stock worth $366,000 after acquiring an additional 735 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Shinhan Financial Group by 514.6% in the 4th quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank’s stock worth $1,551,000 after acquiring an additional 39,500 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Shinhan Financial Group by 33.8% in the fourth quarter. Blue Trust Inc. now owns 72,898 shares of the bank’s stock valued at $2,397,000 after purchasing an additional 18,402 shares during the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Stock Up 5.7 %

SHG opened at $32.49 on Friday. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $28.76 and a fifty-two week high of $46.05. 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 company’s 50-day moving average is $32.55 and its 200 day moving average is $35.91. The firm has a market capitalization of $16.35 billion, a P/E ratio of 5.10, a PEG ratio of 0.44 and a beta of 0.85.

Shinhan Financial Group (NYSE:SHG) last announced its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. The firm had revenue of $2.82 billion for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. Research analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current fiscal 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.