Wells Fargo & Company MN Trims Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Wells Fargo & Company MN lessened its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 2.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 152,257 shares of the bank’s stock after selling 3,877 shares during the period. Wells Fargo & Company MN’s holdings in Shinhan Financial Group were worth $5,006,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in Shinhan Financial Group in the fourth quarter worth about $43,000. R Squared Ltd purchased a new position in shares of Shinhan Financial Group in the fourth quarter valued at about $76,000. M&T Bank Corp boosted its stake in Shinhan Financial Group by 11.7% in the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank’s stock worth $205,000 after purchasing an additional 655 shares during the period. SVB Wealth LLC bought a new stake in shares of Shinhan Financial Group during the fourth quarter valued at approximately $246,000. Finally, Aaron Wealth Advisors LLC lifted its stake in Shinhan Financial Group by 3.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 7,627 shares of the bank’s stock worth $251,000 after purchasing an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Trading Down 0.8 %

Shares of SHG stock opened at $33.29 on Monday. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of 5.23, a price-to-earnings-growth ratio of 0.44 and a beta of 0.85. Shinhan Financial Group Co., Ltd. has a 12-month low of $28.76 and a 12-month high of $46.05. The stock’s 50-day moving average price is $32.43 and its 200-day moving average price is $35.53. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The business had revenue of $2.82 billion during the quarter. Equities research analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 EPS 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.