Blue Trust Inc. Sells 31,526 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Blue Trust Inc. lessened its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 57.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 22,970 shares of the bank’s stock after selling 31,526 shares during the quarter. Blue Trust Inc.’s holdings in Shinhan Financial Group were worth $755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathstone Holdings LLC grew its stake in Shinhan Financial Group by 103.9% in the third quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank’s stock valued at $3,060,000 after purchasing an additional 36,815 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Shinhan Financial Group by 121.8% during the third quarter. Stifel Financial Corp now owns 27,782 shares of the bank’s stock worth $1,177,000 after acquiring an additional 15,256 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Shinhan Financial Group by 191.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank’s stock worth $891,000 after acquiring an additional 13,808 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Shinhan Financial Group by 8.7% during the third quarter. Sanctuary Advisors LLC now owns 9,210 shares of the bank’s stock worth $366,000 after acquiring an additional 735 shares during the last quarter. Finally, Creative Planning grew its stake in shares of Shinhan Financial Group by 21.4% during the third quarter. Creative Planning now owns 121,758 shares of the bank’s stock worth $5,159,000 after acquiring an additional 21,432 shares during the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shares of SHG stock opened at $33.84 on Monday. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $29.25 and a fifty-two week high of $46.05. The firm has a market capitalization of $17.04 billion, a price-to-earnings ratio of 5.31, a PEG ratio of 0.50 and a beta of 0.94. 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 stock’s 50-day simple moving average is $34.38 and its 200-day simple moving average is $38.76.

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.