Assetmark Inc. Sells 20,307 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Assetmark Inc. lowered its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 87.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,817 shares of the bank’s stock after selling 20,307 shares during the period. Assetmark Inc.’s holdings in Shinhan Financial Group were worth $93,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SHG. Sierra Ocean LLC bought a new position in shares of Shinhan Financial Group during the fourth quarter valued at $43,000. R Squared Ltd bought a new position in shares of Shinhan Financial Group during the fourth quarter valued at $76,000. Verition Fund Management LLC bought a new position in shares of Shinhan Financial Group during the third quarter valued at $202,000. Canopy Partners LLC bought a new position in shares of Shinhan Financial Group during the third quarter valued at $218,000. Finally, Drive Wealth Management LLC bought a new position in shares of Shinhan Financial Group during the third quarter valued at $218,000. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shares of NYSE SHG opened at $31.92 on Friday. Shinhan Financial Group Co., Ltd. has a twelve month low of $29.25 and a twelve month high of $46.05. The firm has a fifty day simple moving average of $33.76 and a 200 day simple moving average of $37.49. The company has a market capitalization of $16.07 billion, a PE ratio of 5.01, a P/E/G ratio of 0.44 and a beta of 0.89. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53.

Shinhan Financial Group (NYSE:SHG) last announced its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The business had revenue of $2.82 billion during the quarter. On average, sell-side analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current year.

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.