GAMMA Investing LLC Lowers Stock Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

GAMMA Investing LLC reduced its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 20.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,572 shares of the bank’s stock after selling 416 shares during the period. GAMMA Investing LLC’s holdings in Shinhan Financial Group were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of SHG. FSC Wealth Advisors LLC acquired a new stake in shares of Shinhan Financial Group in the third quarter valued at $76,000. Waldron Private Wealth LLC acquired a new stake in shares of Shinhan Financial Group in the third quarter valued at $126,000. Allspring Global Investments Holdings LLC raised its stake 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 valued at $130,000 after buying an additional 789 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Shinhan Financial Group in the third quarter valued at $202,000. Finally, First Affirmative Financial Network acquired a new stake in Shinhan Financial Group in the third quarter valued at $206,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Up 2.5 %

Shinhan Financial Group stock opened at $34.47 on Tuesday. Shinhan Financial Group Co., Ltd. has a 1-year low of $27.09 and a 1-year high of $46.05. 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 stock has a market cap of $17.35 billion, a PE ratio of 5.41, a P/E/G ratio of 0.57 and a beta of 0.95. The stock’s fifty day moving average is $36.49 and its two-hundred day moving average is $39.34.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings results on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.11 billion for the quarter. On average, sell-side analysts expect that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current fiscal year.

Shinhan Financial Group 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.