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

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

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Aaron Wealth Advisors LLC increased its position in Shinhan Financial Group by 3.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 7,627 shares of the bank's stock valued at $251,000 after acquiring an additional 289 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Shinhan Financial Group by 4.3% in the fourth quarter. Ameriprise Financial Inc. now owns 8,575 shares of the bank's stock worth $282,000 after purchasing an additional 351 shares in the last quarter. Aquatic Capital Management LLC increased its holdings in shares of Shinhan Financial Group by 2.8% during the fourth quarter. Aquatic Capital Management LLC now owns 14,471 shares of the bank's stock valued at $476,000 after purchasing an additional 392 shares during the period. Sterling Capital Management LLC raised its stake in shares of Shinhan Financial Group by 8.1% during the fourth quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock valued at $183,000 after purchasing an additional 415 shares in the last quarter. Finally, M&T Bank Corp raised its stake in shares of Shinhan Financial Group by 11.7% during the fourth quarter. M&T Bank Corp now owns 6,245 shares of the bank's stock valued at $205,000 after purchasing an additional 655 shares in the last quarter. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Price Performance

SHG traded up $0.82 on Monday, reaching $38.09. The company had a trading volume of 63,489 shares, compared to its average volume of 177,568. The company has a market capitalization of $19.17 billion, a P/E ratio of 5.97, a PEG ratio of 0.44 and a beta of 0.84. 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 fifty day moving average of $33.63 and a 200-day moving average of $34.79. Shinhan Financial Group Co., Ltd. has a one year low of $28.76 and a one year high of $46.05.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The business had revenue of $2.82 billion during the quarter. As a group, equities research analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current year.

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.