Ethic Inc. Sells 17,654 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Ethic Inc. trimmed its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,568 shares of the bank's stock after selling 17,654 shares during the quarter. Ethic Inc.'s holdings in Shinhan Financial Group were worth $2,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new position in shares of Shinhan Financial Group in the fourth quarter worth $43,000. R Squared Ltd purchased a new position in shares of Shinhan Financial Group in the fourth quarter worth $76,000. Tower Research Capital LLC TRC increased its stake in shares of Shinhan Financial Group by 1,884.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank's stock worth $95,000 after buying an additional 2,751 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Shinhan Financial Group in the fourth quarter worth $125,000. Finally, Sterling Capital Management LLC increased its stake in shares of Shinhan Financial Group by 8.1% in the fourth quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock worth $183,000 after buying an additional 415 shares during the period. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Trading Down 0.2%

Shares of NYSE SHG traded down $0.06 during mid-day trading on Friday, hitting $37.28. The stock had a trading volume of 116,422 shares, compared to its average volume of 178,001. 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 1 year low of $28.76 and a 1 year high of $46.05. The business has a 50 day moving average price of $33.63 and a two-hundred day moving average price of $34.81. The firm has a market cap of $18.77 billion, a P/E ratio of 5.85, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. The business had revenue of $2.82 billion for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. On average, equities analysts anticipate 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.