Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,453 shares of the bank’s stock after selling 13,762 shares during the quarter. Sei Investments Co.’s holdings in Shinhan Financial Group were worth $2,645,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Sierra Ocean LLC purchased a new position in shares of Shinhan Financial Group in the fourth quarter valued at approximately $43,000. R Squared Ltd purchased a new position in Shinhan Financial Group in the 4th quarter valued at approximately $76,000. Verition Fund Management LLC acquired a new position in shares of Shinhan Financial Group in the third quarter worth $202,000. M&T Bank Corp increased its position in shares of Shinhan Financial Group by 11.7% during the fourth quarter. M&T Bank Corp now owns 6,245 shares of the bank’s stock worth $205,000 after acquiring an additional 655 shares during the period. Finally, Glenmede Trust Co. NA purchased a new stake in shares of Shinhan Financial Group during the third quarter worth $237,000. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

Shares of SHG opened at $30.83 on Friday. Shinhan Financial Group Co., Ltd. has a 1 year low of $29.25 and a 1 year high of $46.05. The stock has a market capitalization of $15.52 billion, a PE ratio of 4.84, a PEG ratio of 0.44 and a beta of 0.89. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a 50-day simple moving average of $33.17 and a 200-day simple moving average of $36.47.

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

About Shinhan Financial Group

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.