Yousif Capital Management LLC Reduces Stock Position in Shinhan Financial Group Co Ltd $SHG

Yousif Capital Management LLC decreased its position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 22.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,451 shares of the bank’s stock after selling 11,120 shares during the quarter. Yousif Capital Management LLC’s holdings in Shinhan Financial Group were worth $1,987,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SHG. Northwestern Mutual Wealth Management Co. raised its holdings in Shinhan Financial Group by 1,465.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 908 shares of the bank’s stock worth $41,000 after purchasing an additional 850 shares during the last quarter. Westside Investment Management Inc. acquired a new position in shares of Shinhan Financial Group during the 2nd quarter worth $47,000. Osaic Holdings Inc. raised its stake in shares of Shinhan Financial Group by 387.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,306 shares of the bank’s stock worth $59,000 after buying an additional 1,038 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Shinhan Financial Group by 240.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,908 shares of the bank’s stock worth $86,000 after buying an additional 1,348 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Shinhan Financial Group by 124.9% in the 2nd quarter. GAMMA Investing LLC now owns 3,301 shares of the bank’s stock valued at $149,000 after acquiring an additional 1,833 shares during the last quarter. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Performance

NYSE:SHG opened at $53.97 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $26.20 billion, a PE ratio of 5.25, a P/E/G ratio of 0.59 and a beta of 1.01. The firm has a 50 day simple moving average of $53.31 and a 200-day simple moving average of $50.11. Shinhan Financial Group Co Ltd has a 1-year low of $28.76 and a 1-year high of $56.13.

Shinhan Financial Group (NYSE:SHG) last released its earnings results on Friday, November 14th. The bank reported $2.05 EPS for the quarter, topping the consensus estimate of $1.97 by $0.08. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Shinhan Financial Group had a net margin of 22.38% and a return on equity of 12.45%. On average, equities analysts expect that Shinhan Financial Group Co Ltd will post 5.97 EPS for the current year.

Analyst Ratings Changes

SHG has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Shinhan Financial Group in a report on Monday, December 22nd. Zacks Research downgraded Shinhan Financial Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Shinhan Financial Group currently has a consensus rating of “Hold”.

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.