Schechter Investment Advisors LLC Sells 5,295 Shares of Shinhan Financial Group Co Ltd (NYSE:SHG)

Schechter Investment Advisors LLC cut its holdings in shares of Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) by 19.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,065 shares of the bank's stock after selling 5,295 shares during the quarter. Schechter Investment Advisors LLC's holdings in Shinhan Financial Group were worth $708,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in shares of Shinhan Financial Group by 249.2% in the fourth quarter. Northern Trust Corp now owns 1,445,120 shares of the bank's stock worth $47,516,000 after buying an additional 1,031,257 shares in the last quarter. Lazard Asset Management LLC raised its stake in Shinhan Financial Group by 4.4% in the fourth quarter. Lazard Asset Management LLC now owns 1,353,820 shares of the bank's stock valued at $44,513,000 after purchasing an additional 57,640 shares in the last quarter. American Century Companies Inc. raised its stake in Shinhan Financial Group by 5.7% in the fourth quarter. American Century Companies Inc. now owns 786,028 shares of the bank's stock valued at $25,845,000 after purchasing an additional 42,575 shares in the last quarter. Causeway Capital Management LLC raised its stake in Shinhan Financial Group by 6.8% in the fourth quarter. Causeway Capital Management LLC now owns 325,639 shares of the bank's stock valued at $10,707,000 after purchasing an additional 20,766 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Shinhan Financial Group by 1.2% in the fourth quarter. Wellington Management Group LLP now owns 266,596 shares of the bank's stock valued at $8,766,000 after purchasing an additional 3,144 shares in the last quarter. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Price Performance

NYSE SHG traded up $0.32 on Thursday, reaching $50.00. 138,367 shares of the company's stock traded hands, compared to its average volume of 241,850. Shinhan Financial Group Co Ltd has a 12 month low of $28.76 and a 12 month high of $51.48. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a 50-day simple moving average of $42.98 and a 200 day simple moving average of $36.76. The stock has a market cap of $24.79 billion, a PE ratio of 6.51, a P/E/G ratio of 0.62 and a beta of 0.92.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a research note 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.