Boston Common Asset Management LLC Trims Stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Boston Common Asset Management LLC reduced its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 6.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,889 shares of the bank’s stock after selling 1,204 shares during the period. Boston Common Asset Management LLC’s holdings in Shinhan Financial Group were worth $588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. raised its stake in Shinhan Financial Group by 7.8% during the 2nd quarter. American Century Companies Inc. now owns 646,749 shares of the bank’s stock valued at $22,513,000 after acquiring an additional 46,720 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Shinhan Financial Group by 21.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,976 shares of the bank’s stock valued at $20,633,000 after acquiring an additional 85,539 shares during the last quarter. Clearbridge Investments LLC raised its stake in Shinhan Financial Group by 34.5% during the 2nd quarter. Clearbridge Investments LLC now owns 163,705 shares of the bank’s stock valued at $5,699,000 after acquiring an additional 41,992 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Shinhan Financial Group by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 122,477 shares of the bank’s stock valued at $4,263,000 after acquiring an additional 2,373 shares during the last quarter. Finally, Creative Planning raised its stake in Shinhan Financial Group by 21.4% during the 3rd quarter. Creative Planning now owns 121,758 shares of the bank’s stock valued at $5,159,000 after acquiring an additional 21,432 shares during the last quarter. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Down 1.0 %

SHG opened at $34.54 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The business has a 50 day moving average price of $36.05 and a two-hundred day moving average price of $39.28. Shinhan Financial Group Co., Ltd. has a 52 week low of $27.31 and a 52 week high of $46.05. The company has a market cap of $17.39 billion, a PE ratio of 5.42, a P/E/G ratio of 0.49 and a beta of 0.95.

Shinhan Financial Group (NYSE:SHG) last released its earnings results on Friday, October 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.11 billion for the quarter. As a group, research analysts anticipate that Shinhan Financial Group Co., Ltd. will post 6.32 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.