Crossmark Global Holdings Inc. Reduces Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Crossmark Global Holdings Inc. decreased its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHGFree Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,964 shares of the bank’s stock after selling 540 shares during the period. Crossmark Global Holdings Inc.’s holdings in Shinhan Financial Group were worth $1,784,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SHG. Quantbot Technologies LP purchased a new position in Shinhan Financial Group during the third quarter worth $53,000. Vanguard Personalized Indexing Management LLC increased its position in Shinhan Financial Group by 22.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 55,630 shares of the bank’s stock worth $1,474,000 after buying an additional 10,257 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Shinhan Financial Group in the third quarter valued at $280,000. Rhumbline Advisers grew its position in shares of Shinhan Financial Group by 2.1% in the third quarter. Rhumbline Advisers now owns 158,231 shares of the bank’s stock valued at $4,192,000 after purchasing an additional 3,320 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in shares of Shinhan Financial Group in the third quarter valued at $334,000. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shares of NYSE:SHG opened at $34.04 on Friday. The company has a market cap of $17.34 billion, a P/E ratio of 5.61, a P/E/G ratio of 0.59 and a beta of 0.93. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.49. Shinhan Financial Group Co., Ltd. has a 52 week low of $24.99 and a 52 week high of $38.65. The business has a fifty day simple moving average of $33.48 and a 200-day simple moving average of $32.06.

Shinhan Financial Group (NYSE:SHGGet Free Report) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.75 EPS for the quarter. Shinhan Financial Group had a return on equity of 7.23% and a net margin of 12.76%. The business had revenue of $3.14 billion during the quarter. Equities research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.21 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Shinhan Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday.

View Our Latest Research Report on SHG

Shinhan Financial Group Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Shinhan Financial Group (NYSE:SHG)

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