Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC decreased its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 18.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,586 shares of the bank's stock after selling 10,855 shares during the period. Laird Norton Wetherby Wealth Management LLC's holdings in Shinhan Financial Group were worth $1,598,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SHG. Northern Trust Corp increased its holdings in Shinhan Financial Group by 249.2% during the 4th quarter. Northern Trust Corp now owns 1,445,120 shares of the bank's stock worth $47,516,000 after purchasing an additional 1,031,257 shares during the period. D. E. Shaw & Co. Inc. purchased a new stake in Shinhan Financial Group during the 4th quarter worth about $5,830,000. Renaissance Technologies LLC increased its holdings in Shinhan Financial Group by 606.8% during the 4th quarter. Renaissance Technologies LLC now owns 177,400 shares of the bank's stock worth $5,833,000 after purchasing an additional 152,300 shares during the period. BNP Paribas Financial Markets increased its holdings in Shinhan Financial Group by 301.8% during the 4th quarter. BNP Paribas Financial Markets now owns 110,786 shares of the bank's stock worth $3,643,000 after purchasing an additional 83,213 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Shinhan Financial Group by 1,834.3% during the 4th quarter. JPMorgan Chase & Co. now owns 85,999 shares of the bank's stock worth $2,828,000 after purchasing an additional 81,553 shares during the period. Institutional investors and hedge funds own 7.76% of the company's stock.

Shinhan Financial Group Price Performance

Shares of NYSE SHG opened at $36.69 on Wednesday. The stock's 50-day moving average is $33.28 and its two-hundred day moving average is $34.87. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. Shinhan Financial Group Co., Ltd. has a 1-year low of $28.76 and a 1-year high of $46.05. The company has a market cap of $18.47 billion, a price-to-earnings ratio of 5.76, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last issued its 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 business had revenue of $2.82 billion for the quarter. 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.

Want to see what other hedge funds are holding SHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.