Lindbrook Capital LLC Sells 699 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Lindbrook Capital LLC trimmed its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 13.5% in the third quarter, Holdings Channel.com reports. The fund owned 4,481 shares of the bank’s stock after selling 699 shares during the quarter. Lindbrook Capital LLC’s holdings in Shinhan Financial Group were worth $190,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in Shinhan Financial Group by 42.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,290 shares of the bank’s stock worth $81,000 after purchasing an additional 678 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Shinhan Financial Group during the 1st quarter worth approximately $241,000. Atomi Financial Group Inc. boosted its stake in Shinhan Financial Group by 9.7% in the 1st quarter. Atomi Financial Group Inc. now owns 11,607 shares of the bank’s stock valued at $412,000 after buying an additional 1,029 shares in the last quarter. Sei Investments Co. grew its position in Shinhan Financial Group by 147.5% in the first quarter. Sei Investments Co. now owns 62,068 shares of the bank’s stock valued at $2,203,000 after acquiring an additional 36,993 shares during the period. Finally, QRG Capital Management Inc. raised its stake in Shinhan Financial Group by 4.9% during the first quarter. QRG Capital Management Inc. now owns 14,544 shares of the bank’s stock worth $516,000 after acquiring an additional 675 shares in the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Down 1.8 %

Shares of NYSE SHG opened at $40.55 on Monday. The business has a fifty day moving average of $41.53 and a two-hundred day moving average of $38.71. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.02 and a current ratio of 1.02. Shinhan Financial Group Co., Ltd. has a 52-week low of $26.24 and a 52-week high of $46.05. The stock has a market cap of $20.66 billion, a PE ratio of 6.37, a PEG ratio of 0.66 and a beta of 0.93.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings results on Friday, October 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.02. The firm had revenue of $3.11 billion during the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.24%. As a group, equities research analysts expect that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share 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.