West Family Investments Inc. Sells 11,669 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

West Family Investments Inc. reduced its position in Shinhan Financial Group Co., Ltd. (NYSE:SHGGet Rating) by 42.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,796 shares of the bank’s stock after selling 11,669 shares during the quarter. West Family Investments Inc.’s holdings in Shinhan Financial Group were worth $528,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Aaron Wealth Advisors LLC bought a new stake in shares of Shinhan Financial Group in the 1st quarter worth $2,565,000. Citigroup Inc. raised its stake in Shinhan Financial Group by 522.0% in the first quarter. Citigroup Inc. now owns 85,333 shares of the bank’s stock valued at $2,854,000 after purchasing an additional 71,614 shares in the last quarter. American Century Companies Inc. raised its stake in Shinhan Financial Group by 44.4% in the first quarter. American Century Companies Inc. now owns 121,430 shares of the bank’s stock valued at $4,059,000 after purchasing an additional 37,326 shares in the last quarter. BlackRock Inc. raised its stake in shares of Shinhan Financial Group by 1.8% during the first quarter. BlackRock Inc. now owns 1,825,885 shares of the bank’s stock worth $61,038,000 after acquiring an additional 32,458 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Shinhan Financial Group by 9.4% during the fourth quarter. Acadian Asset Management LLC now owns 304,305 shares of the bank’s stock worth $9,405,000 after acquiring an additional 26,217 shares in the last quarter. Institutional investors and hedge funds own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Shinhan Financial Group from a “hold” rating to a “buy” rating in a report on Thursday, May 12th.

Shinhan Financial Group Price Performance

SHG opened at $25.52 on Friday. Shinhan Financial Group Co., Ltd. has a 1 year low of $24.82 and a 1 year high of $34.92. The stock has a 50-day moving average price of $26.94 and a 200-day moving average price of $30.43. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $13.09 billion, a PE ratio of 4.01, a P/E/G ratio of 0.25 and a beta of 0.73.

Shinhan Financial Group Profile

(Get Rating)

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, Life 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.

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Institutional Ownership by Quarter for Shinhan Financial Group (NYSE:SHG)

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