Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Sold by Sanders Capital LLC

Sanders Capital LLC lowered its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 195,096 shares of the bank’s stock after selling 1,628 shares during the quarter. Sanders Capital LLC’s holdings in Shinhan Financial Group were worth $8,266,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SHG. FSC Wealth Advisors LLC bought a new stake in shares of Shinhan Financial Group in the 3rd quarter valued at approximately $76,000. GAMMA Investing LLC boosted its holdings in Shinhan Financial Group by 45.4% in the third quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock worth $84,000 after purchasing an additional 621 shares during the period. Waldron Private Wealth LLC acquired a new stake in shares of Shinhan Financial Group during the third quarter worth $126,000. Allspring Global Investments Holdings LLC lifted its holdings in Shinhan Financial Group by 34.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank’s stock worth $130,000 after acquiring an additional 789 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Shinhan Financial Group during the second quarter valued at approximately $107,000. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

SHG opened at $38.93 on Tuesday. The business has a 50 day moving average price of $40.96 and a two-hundred day moving average price of $39.18. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $19.83 billion, a price-to-earnings ratio of 6.29, a price-to-earnings-growth ratio of 0.64 and a beta of 0.93. Shinhan Financial Group Co., Ltd. has a 1-year low of $27.09 and a 1-year high of $46.05.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings data on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.02. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The business had revenue of $3.11 billion during the quarter. Research analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current fiscal 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.