Ritholtz Wealth Management Cuts Stock Position in Shinhan Financial Group Co Ltd (NYSE:SHG)

Ritholtz Wealth Management decreased its position in Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,956 shares of the bank's stock after selling 8,589 shares during the period. Ritholtz Wealth Management's holdings in Shinhan Financial Group were worth $2,180,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp grew 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 buying an additional 1,031,257 shares during the period. Lazard Asset Management LLC grew its position in Shinhan Financial Group by 4.4% in the 4th 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 during the period. American Century Companies Inc. grew its holdings in shares of Shinhan Financial Group by 5.7% during the fourth quarter. American Century Companies Inc. now owns 786,028 shares of the bank's stock valued at $25,845,000 after buying an additional 42,575 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Shinhan Financial Group by 14.7% during the fourth 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 in the last quarter. Finally, Causeway Capital Management LLC raised its holdings in shares of Shinhan Financial Group by 6.8% in the 4th quarter. Causeway Capital Management LLC now owns 325,639 shares of the bank's stock worth $10,707,000 after acquiring an additional 20,766 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Performance

Shinhan Financial Group stock traded up $0.21 during mid-day trading on Friday, reaching $43.26. 169,111 shares of the company's stock were exchanged, compared to its average volume of 184,727. The business's fifty day simple moving average is $38.36 and its 200 day simple moving average is $35.22. 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 one year low of $28.76 and a one year high of $46.05. The firm has a market capitalization of $21.45 billion, a PE ratio of 5.63, a P/E/G ratio of 0.53 and a beta of 0.90.

Wall Street Analyst Weigh In

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