Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Sold by Ethic Inc.

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

Several other institutional investors have also recently modified their holdings of SHG. Franklin Resources Inc. raised its position in shares of Shinhan Financial Group by 4.4% during the 3rd quarter. Franklin Resources Inc. now owns 83,524 shares of the bank's stock worth $3,608,000 after purchasing an additional 3,550 shares during the last quarter. Aprio Wealth Management LLC lifted its stake in shares of Shinhan Financial Group by 13.2% during the 4th quarter. Aprio Wealth Management LLC now owns 12,576 shares of the bank's stock worth $413,000 after purchasing an additional 1,464 shares during the period. Aaron Wealth Advisors LLC lifted its stake in shares of Shinhan Financial Group by 3.9% during 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 during the period. SG Americas Securities LLC purchased a new position in shares of Shinhan Financial Group during the 4th quarter worth $333,000. Finally, Blue Trust Inc. lifted its stake in shares of Shinhan Financial Group by 33.8% during the 4th quarter. Blue Trust Inc. now owns 72,898 shares of the bank's stock worth $2,397,000 after purchasing an additional 18,402 shares during the period. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Trading Up 0.7%

Shares of Shinhan Financial Group stock traded up $0.25 during trading hours on Wednesday, reaching $36.97. 213,966 shares of the company's stock were exchanged, compared to its average volume of 177,076. Shinhan Financial Group Co., Ltd. has a 52-week low of $28.76 and a 52-week high of $46.05. The firm has a market capitalization of $18.61 billion, a price-to-earnings ratio of 5.80, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84. The company has a fifty day moving average of $33.28 and a 200-day moving average of $34.87. 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 - Get Free Report) last issued 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. Sell-side analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal year.

Shinhan Financial Group 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.