DGS Capital Management LLC Has $867,000 Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

DGS Capital Management LLC lowered its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,357 shares of the bank’s stock after selling 3,181 shares during the quarter. DGS Capital Management LLC’s holdings in Shinhan Financial Group were worth $867,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SHG. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Shinhan Financial Group by 21.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,976 shares of the bank’s stock valued at $20,633,000 after purchasing an additional 85,539 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Shinhan Financial Group by 34.5% in the second quarter. Clearbridge Investments LLC now owns 163,705 shares of the bank’s stock valued at $5,699,000 after acquiring an additional 41,992 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Shinhan Financial Group by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 122,477 shares of the bank’s stock valued at $4,263,000 after acquiring an additional 2,373 shares during the last quarter. Creative Planning boosted its position in Shinhan Financial Group by 21.4% in the third quarter. Creative Planning now owns 121,758 shares of the bank’s stock worth $5,159,000 after purchasing an additional 21,432 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Shinhan Financial Group by 25.6% during the 3rd quarter. Natixis Advisors LLC now owns 108,738 shares of the bank’s stock valued at $4,607,000 after purchasing an additional 22,162 shares during the last quarter. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Price Performance

Shares of NYSE:SHG opened at $35.18 on Friday. The company has a market capitalization of $17.71 billion, a P/E ratio of 5.52, a price-to-earnings-growth ratio of 0.51 and a beta of 0.95. The company’s 50-day moving average is $35.68 and its 200 day moving average is $39.22. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $29.25 and a fifty-two week high of $46.05.

Shinhan Financial Group (NYSE:SHG) last released its earnings results on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The firm had revenue of $3.11 billion for the quarter. On average, equities research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current 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.