Wellington Management Group LLP Sells 1,700 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Wellington Management Group LLP reduced its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,922 shares of the bank’s stock after selling 1,700 shares during the period. Wellington Management Group LLP’s holdings in Shinhan Financial Group were worth $3,507,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its position in Shinhan Financial Group by 27.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,612 shares of the bank’s stock worth $50,000 after acquiring an additional 349 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Shinhan Financial Group by 2.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,063 shares of the bank’s stock valued at $587,000 after purchasing an additional 527 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Shinhan Financial Group by 13.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,935 shares of the bank’s stock valued at $183,000 after buying an additional 682 shares during the last quarter. Janiczek Wealth Management LLC increased its position in Shinhan Financial Group by 44.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 2,305 shares of the bank’s stock worth $71,000 after buying an additional 704 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Shinhan Financial Group by 2.5% during the fourth quarter. Franklin Resources Inc. now owns 29,862 shares of the bank’s stock worth $919,000 after buying an additional 726 shares during the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th.

Shinhan Financial Group Stock Up 1.6 %

NYSE SHG opened at $34.81 on Monday. Shinhan Financial Group Co., Ltd. has a twelve month low of $24.99 and a twelve month high of $38.65. The stock has a market cap of $17.73 billion, a PE ratio of 5.73, a PEG ratio of 0.60 and a beta of 0.93. The firm has a 50-day simple moving average of $34.24 and a 200 day simple moving average of $32.72. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.02 and a current ratio of 1.02.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings data on Thursday, May 16th. The bank reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.35. The company had revenue of $3.09 billion during the quarter. Shinhan Financial Group had a return on equity of 7.23% and a net margin of 12.76%. On average, research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.21 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.