Envestnet Asset Management Inc. Decreases Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Envestnet Asset Management Inc. reduced its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 162,027 shares of the bank’s stock after selling 4,170 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Shinhan Financial Group were worth $5,327,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SHG. American Century Companies Inc. grew its position in Shinhan Financial Group by 5.7% during the 4th quarter. American Century Companies Inc. now owns 786,028 shares of the bank’s stock worth $25,845,000 after purchasing an additional 42,575 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 buying an additional 71,574 shares during the period. Wellington Management Group LLP grew its holdings in shares of Shinhan Financial Group by 1.2% during the fourth quarter. Wellington Management Group LLP now owns 266,596 shares of the bank’s stock valued at $8,766,000 after buying an additional 3,144 shares during the last quarter. Franklin Resources Inc. raised its stake in Shinhan Financial Group by 66.1% in the 4th quarter. Franklin Resources Inc. now owns 138,774 shares of the bank’s stock worth $4,563,000 after acquiring an additional 55,250 shares during the last quarter. Finally, NewEdge Wealth LLC lifted its position in Shinhan Financial Group by 6.5% during the 4th quarter. NewEdge Wealth LLC now owns 104,657 shares of the bank’s stock worth $3,441,000 after acquiring an additional 6,369 shares during the period. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Up 1.4 %

Shares of SHG stock opened at $34.41 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $28.76 and a fifty-two week high of $46.05. The firm has a market capitalization of $17.32 billion, a PE ratio of 5.40, a P/E/G ratio of 0.44 and a beta of 0.85. The stock’s 50-day simple moving average is $32.43 and its 200-day simple moving average is $35.47.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results 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 firm had revenue of $2.82 billion during the quarter. Equities analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current year.

Shinhan Financial Group Company 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.