Shinhan Financial Group (NYSE:SHG) Stock Price Down 4.1% – Time to Sell?

Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) traded down 4.1% during trading on Friday . The company traded as low as $38.47 and last traded at $38.62. 57,713 shares traded hands during trading, a decline of 55% from the average session volume of 128,423 shares. The stock had previously closed at $40.26.

Shinhan Financial Group Price Performance

The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $19.71 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.65 and a beta of 0.93. The firm’s fifty day moving average is $40.79 and its 200 day moving average is $39.22.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.02. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The firm had revenue of $3.11 billion for the quarter. As a group, analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Pzena Investment Management LLC grew its stake in Shinhan Financial Group by 27.9% in the 2nd quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank’s stock worth $37,684,000 after acquiring an additional 236,236 shares in the last quarter. American Century Companies Inc. grew its position in shares of Shinhan Financial Group by 7.8% during the 2nd quarter. American Century Companies Inc. now owns 646,749 shares of the bank’s stock worth $22,513,000 after buying an additional 46,720 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Shinhan Financial Group by 21.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,976 shares of the bank’s stock valued at $20,633,000 after buying an additional 85,539 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Shinhan Financial Group by 16.2% in the second quarter. Acadian Asset Management LLC now owns 319,186 shares of the bank’s stock valued at $11,106,000 after acquiring an additional 44,402 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Shinhan Financial Group by 34.5% during the 2nd quarter. Clearbridge Investments LLC now owns 163,705 shares of the bank’s stock worth $5,699,000 after acquiring an additional 41,992 shares in the last quarter. 7.76% of the stock is currently owned by institutional investors.

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.