Citigroup Inc. lowered its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG – Free Report) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,429 shares of the bank’s stock after selling 434 shares during the quarter. Citigroup Inc.’s holdings in Shinhan Financial Group were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. increased its holdings in shares of Shinhan Financial Group by 2,900.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,050 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,015 shares during the period. Paradigm Asset Management Co. LLC acquired a new position in shares of Shinhan Financial Group in the 3rd quarter valued at $40,000. Janiczek Wealth Management LLC increased its holdings in shares of Shinhan Financial Group by 46.7% in the 3rd quarter. Janiczek Wealth Management LLC now owns 1,601 shares of the bank’s stock valued at $42,000 after acquiring an additional 510 shares during the period. Allworth Financial LP increased its holdings in shares of Shinhan Financial Group by 51.6% in the 3rd quarter. Allworth Financial LP now owns 1,628 shares of the bank’s stock valued at $43,000 after acquiring an additional 554 shares during the period. Finally, BNP Paribas Arbitrage SNC increased its holdings in shares of Shinhan Financial Group by 339.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 2,039 shares of the bank’s stock valued at $47,000 after acquiring an additional 1,575 shares during the period. Institutional investors and hedge funds own 7.76% of the company’s stock.
Shinhan Financial Group Stock Performance
NYSE:SHG opened at $35.39 on Thursday. The firm’s fifty day moving average price is $32.99 and its 200 day moving average price is $29.55. Shinhan Financial Group Co., Ltd. has a 1-year low of $24.99 and a 1-year high of $38.65. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.02 and a quick ratio of 1.01. The firm has a market cap of $18.14 billion, a price-to-earnings ratio of 6.06, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90.
Shinhan Financial Group Dividend Announcement
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on SHG shares. StockNews.com raised shares of Shinhan Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Bank of America raised shares of Shinhan Financial Group from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th.
Check Out Our Latest Research Report on Shinhan Financial Group
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, Life 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.
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