Dimensional Fund Advisors LP Sells 92,631 Shares of Shinhan Financial Group Co Ltd $SHG

Dimensional Fund Advisors LP decreased its position in Shinhan Financial Group Co Ltd (NYSE:SHG) by 6.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,423,463 shares of the bank’s stock after selling 92,631 shares during the period. Dimensional Fund Advisors LP’s holdings in Shinhan Financial Group were worth $87,287,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SHG. Parallel Advisors LLC grew its holdings in shares of Shinhan Financial Group by 14.9% in the first quarter. Parallel Advisors LLC now owns 16,581 shares of the bank’s stock valued at $1,017,000 after acquiring an additional 2,146 shares in the last quarter. Assetmark Inc. boosted its position in Shinhan Financial Group by 15.0% in the first quarter. Assetmark Inc. now owns 4,015 shares of the bank’s stock worth $246,000 after purchasing an additional 523 shares during the last quarter. Bessemer Group Inc. grew its stake in Shinhan Financial Group by 3.3% in the 1st quarter. Bessemer Group Inc. now owns 5,744 shares of the bank’s stock valued at $352,000 after purchasing an additional 183 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Shinhan Financial Group in the 1st quarter valued at $279,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Shinhan Financial Group by 17.3% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,312 shares of the bank’s stock valued at $448,000 after purchasing an additional 1,076 shares during the last quarter. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shinhan Financial Group stock opened at $68.44 on Thursday. Shinhan Financial Group Co Ltd has a 12 month low of $46.26 and a 12 month high of $73.80. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.43. The business’s 50 day simple moving average is $67.20 and its 200 day simple moving average is $64.76. The company has a market cap of $32.48 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.53 and a beta of 0.94.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings data on Tuesday, March 31st. The bank reported $1.98 earnings per share for the quarter. Shinhan Financial Group had a return on equity of 8.69% and a net margin of 15.69%. Sell-side analysts forecast that Shinhan Financial Group Co Ltd will post 8.53 EPS for the current year.

Analyst Ratings Changes

SHG has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Shinhan Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, May 19th. Zacks Research upgraded shares of Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, Shinhan Financial Group has an average rating of “Strong Buy”.

About Shinhan Financial Group

Shinhan Financial Group is a South Korea–based financial holding company headquartered in Seoul. Established in 2001 as a banking and financial services group, it brings together a range of financial subsidiaries operating under the Shinhan brand, including commercial banking, card services, life insurance, securities and asset management businesses. The group serves both retail and corporate clients and is one of the leading diversified financial institutions in Korea.

The company’s principal activities span retail and corporate banking, credit card issuance and payment services, life insurance and related protection products, brokerage and investment banking, and asset and wealth management.