Vident Advisory LLC Sells 10,220 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Vident Advisory LLC lessened its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,249 shares of the bank's stock after selling 10,220 shares during the period. Vident Advisory LLC's holdings in Shinhan Financial Group were worth $2,902,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. AMG National Trust Bank bought a new position in Shinhan Financial Group in the 4th quarter worth $1,009,000. Yousif Capital Management LLC raised its holdings in Shinhan Financial Group by 514.6% in the 4th quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank's stock worth $1,551,000 after acquiring an additional 39,500 shares during the period. Blue Trust Inc. raised its holdings in Shinhan Financial Group by 33.8% in the 4th quarter. Blue Trust Inc. now owns 72,898 shares of the bank's stock worth $2,397,000 after acquiring an additional 18,402 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Shinhan Financial Group by 14.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,550 shares of the bank's stock worth $18,365,000 after acquiring an additional 71,574 shares during the period. Finally, SG Americas Securities LLC bought a new position in Shinhan Financial Group in the 4th quarter worth $333,000. Institutional investors and hedge funds own 7.76% of the company's stock.

Shinhan Financial Group Stock Performance

SHG traded up $0.82 during trading on Tuesday, hitting $40.72. The stock had a trading volume of 63,261 shares, compared to its average volume of 243,161. The firm has a market cap of $20.50 billion, a PE ratio of 6.39, a P/E/G ratio of 0.44 and a beta of 0.84. Shinhan Financial Group Co., Ltd. has a 12 month low of $28.76 and a 12 month high of $46.05. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The company has a 50 day simple moving average of $34.45 and a 200-day simple moving average of $34.75.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its earnings results on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. The firm 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%. Analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current year.

Analyst Upgrades and Downgrades

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.

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.