Wellington Management Group LLP Lowers Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Wellington Management Group LLP lowered its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 1.3% during the third quarter, HoldingsChannel.com reports. The firm owned 263,452 shares of the bank’s stock after selling 3,519 shares during the period. Wellington Management Group LLP’s holdings in Shinhan Financial Group were worth $11,162,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FSC Wealth Advisors LLC purchased a new position in shares of Shinhan Financial Group in the 3rd quarter worth $76,000. GAMMA Investing LLC increased its stake in Shinhan Financial Group by 45.4% during the third quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock worth $84,000 after acquiring an additional 621 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of Shinhan Financial Group in the 2nd quarter worth about $107,000. Waldron Private Wealth LLC acquired a new position in shares of Shinhan Financial Group in the 3rd quarter valued at about $126,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Shinhan Financial Group by 34.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank’s stock worth $130,000 after purchasing an additional 789 shares during the period. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Trading Down 1.3 %

NYSE SHG opened at $34.93 on Monday. The firm has a market capitalization of $17.59 billion, a price-to-earnings ratio of 5.48, a PEG ratio of 0.57 and a beta of 0.92. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. Shinhan Financial Group Co., Ltd. has a one year low of $27.09 and a one year high of $46.05. The company’s 50 day moving average price is $39.55 and its 200 day moving average price is $39.40.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Friday, October 25th. The bank reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The business had revenue of $3.11 billion for the quarter. On average, sell-side analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 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.