Ethic Inc. Sells 17,654 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Ethic Inc. reduced its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 20.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,568 shares of the bank’s stock after selling 17,654 shares during the quarter. Ethic Inc.’s holdings in Shinhan Financial Group were worth $2,320,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in Shinhan Financial Group during the 4th quarter worth approximately $43,000. R Squared Ltd acquired a new stake in Shinhan Financial Group in the fourth quarter worth $76,000. Tower Research Capital LLC TRC raised its holdings in Shinhan Financial Group by 1,884.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank’s stock worth $95,000 after purchasing an additional 2,751 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of Shinhan Financial Group during the fourth quarter worth $125,000. Finally, Sterling Capital Management LLC grew its holdings in shares of Shinhan Financial Group by 8.1% in the 4th quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank’s stock valued at $183,000 after buying an additional 415 shares during the period. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Price Performance

SHG opened at $36.16 on Monday. The stock has a market cap of $18.20 billion, a P/E ratio of 5.68, a P/E/G ratio of 0.44 and a beta of 0.84. Shinhan Financial Group Co., Ltd. has a 12 month low of $28.76 and a 12 month high of $46.05. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The company has a fifty day simple moving average of $33.09 and a 200 day simple moving average of $34.89.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The company had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. On average, research analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current year.

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.