Cable Hill Partners LLC Sells 1,074 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Cable Hill Partners LLC cut its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 14.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,196 shares of the bank’s stock after selling 1,074 shares during the period. Cable Hill Partners LLC’s holdings in Shinhan Financial Group were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SHG. Lazard Asset Management LLC boosted its holdings in Shinhan Financial Group by 2.7% in 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 during the period. Pzena Investment Management LLC boosted its stake in shares of Shinhan Financial Group by 27.9% in the second quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank’s stock valued at $37,684,000 after buying an additional 236,236 shares during the period. American Century Companies Inc. increased 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 worth $22,513,000 after acquiring an additional 46,720 shares during the period. Acadian Asset Management LLC increased its stake in Shinhan Financial Group by 16.2% during the 2nd quarter. Acadian Asset Management LLC now owns 319,186 shares of the bank’s stock worth $11,106,000 after acquiring an additional 44,402 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in Shinhan Financial Group by 14.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 177,972 shares of the bank’s stock valued at $6,316,000 after acquiring an additional 22,536 shares in the last quarter. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

SHG opened at $39.65 on Friday. The firm has a market cap of $20.20 billion, a P/E ratio of 6.22, a price-to-earnings-growth ratio of 0.64 and a beta of 0.93. The business’s fifty day moving average is $41.38 and its 200-day moving average is $38.86. Shinhan Financial Group Co., Ltd. has a 52-week low of $27.09 and a 52-week high of $46.05. 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 released its earnings results on Friday, October 25th. The bank reported $1.76 EPS for the quarter, beating the consensus estimate of $1.74 by $0.02. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.24%. The firm had revenue of $3.11 billion for the quarter. 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.