Promethos Capital LLC Reduces Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Promethos Capital LLC decreased its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 11.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,816 shares of the bank’s stock after selling 26,040 shares during the quarter. Shinhan Financial Group makes up 2.5% of Promethos Capital LLC’s investment portfolio, making the stock its 15th largest position. Promethos Capital LLC’s holdings in Shinhan Financial Group were worth $6,812,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHG. Orion Portfolio Solutions LLC boosted its holdings in Shinhan Financial Group by 43.6% in the first quarter. Orion Portfolio Solutions LLC now owns 78,315 shares of the bank’s stock valued at $2,779,000 after acquiring an additional 23,780 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Shinhan Financial Group by 2.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank’s stock valued at $46,075,000 after purchasing an additional 34,597 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Shinhan Financial Group by 14.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 177,972 shares of the bank’s stock valued at $6,316,000 after buying an additional 22,536 shares during the period. Sei Investments Co. raised its stake in Shinhan Financial Group by 147.5% in the first quarter. Sei Investments Co. now owns 62,068 shares of the bank’s stock worth $2,203,000 after buying an additional 36,993 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Shinhan Financial Group by 156.0% in the first quarter. Acadian Asset Management LLC now owns 274,784 shares of the bank’s stock worth $9,749,000 after buying an additional 167,434 shares during the period. 7.76% of the stock is owned by institutional investors.

Shinhan Financial Group Trading Up 1.9 %

Shares of NYSE SHG opened at $43.42 on Friday. Shinhan Financial Group Co., Ltd. has a 52-week low of $25.09 and a 52-week high of $46.05. The company has a market cap of $22.12 billion, a PE ratio of 7.15, a P/E/G ratio of 0.75 and a beta of 0.92. The firm’s 50 day moving average price is $41.38 and its 200-day moving average price is $36.85. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.02 and a current ratio of 1.02.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings data on Friday, July 26th. The bank reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.19. The company had revenue of $3.25 billion for the quarter. Shinhan Financial Group had a net margin of 12.23% and a return on equity of 7.16%. On average, equities research analysts expect that Shinhan Financial Group Co., Ltd. will post 6.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Shinhan Financial Group Company Profile

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.