QRG Capital Management Inc. Sells 8,718 Shares of Shinhan Financial Group Co Ltd (NYSE:SHG)

QRG Capital Management Inc. reduced its position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) by 35.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,734 shares of the bank's stock after selling 8,718 shares during the period. QRG Capital Management Inc.'s holdings in Shinhan Financial Group were worth $505,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Northern Trust Corp boosted its stake in shares of Shinhan Financial Group by 249.2% in the 4th quarter. Northern Trust Corp now owns 1,445,120 shares of the bank's stock valued at $47,516,000 after purchasing an additional 1,031,257 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Shinhan Financial Group by 4.4% during the 4th quarter. Lazard Asset Management LLC now owns 1,353,820 shares of the bank's stock worth $44,513,000 after buying an additional 57,640 shares during the period. American Century Companies Inc. raised its holdings in Shinhan Financial Group by 5.7% during the 4th quarter. American Century Companies Inc. now owns 786,028 shares of the bank's stock worth $25,845,000 after buying an additional 42,575 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Shinhan Financial Group by 14.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,550 shares of the bank's stock worth $18,365,000 after buying an additional 71,574 shares during the period. Finally, Causeway Capital Management LLC raised its holdings in Shinhan Financial Group by 6.8% during the 4th quarter. Causeway Capital Management LLC now owns 325,639 shares of the bank's stock worth $10,707,000 after buying an additional 20,766 shares during the period. 7.76% of the stock is owned by institutional investors.

Shinhan Financial Group Trading Up 0.4%

SHG opened at $43.23 on Monday. The stock has a market capitalization of $21.44 billion, a price-to-earnings ratio of 5.63, a P/E/G ratio of 0.53 and a beta of 0.90. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.51. Shinhan Financial Group Co Ltd has a twelve month low of $28.76 and a twelve month high of $46.05. The company has a 50-day simple moving average of $38.57 and a 200 day simple moving average of $35.23.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a report on Monday, May 19th.

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.

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