Signaturefd LLC Sells 2,981 Shares of Shinhan Financial Group Co Ltd $SHG

Signaturefd LLC reduced its stake in Shinhan Financial Group Co Ltd (NYSE:SHG) by 9.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,140 shares of the bank’s stock after selling 2,981 shares during the period. Signaturefd LLC’s holdings in Shinhan Financial Group were worth $1,271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp grew its holdings in shares of Shinhan Financial Group by 3.9% during the 1st quarter. Northern Trust Corp now owns 1,501,208 shares of the bank’s stock worth $48,159,000 after acquiring an additional 56,088 shares during the period. Pzena Investment Management LLC lifted its position in Shinhan Financial Group by 0.4% during the first quarter. Pzena Investment Management LLC now owns 1,078,696 shares of the bank’s stock valued at $34,605,000 after buying an additional 4,645 shares during the period. American Century Companies Inc. lifted its position in Shinhan Financial Group by 6.9% during the first quarter. American Century Companies Inc. now owns 840,232 shares of the bank’s stock valued at $26,955,000 after buying an additional 54,204 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Shinhan Financial Group by 10.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 617,210 shares of the bank’s stock worth $19,800,000 after acquiring an additional 58,660 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Shinhan Financial Group by 152.0% in the 1st quarter. Millennium Management LLC now owns 582,570 shares of the bank’s stock worth $18,689,000 after acquiring an additional 351,413 shares in the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SHG shares. Zacks Research cut shares of Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Wall Street Zen cut shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Shinhan Financial Group has an average rating of “Hold”.

Shinhan Financial Group Stock Up 0.1%

Shares of SHG stock opened at $48.93 on Monday. Shinhan Financial Group Co Ltd has a one year low of $28.76 and a one year high of $52.00. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $23.75 billion, a price-to-earnings ratio of 4.90, a PEG ratio of 0.53 and a beta of 0.96. The company’s fifty day moving average price is $48.83 and its 200-day moving average price is $42.32.

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.