Blue Trust Inc. Cuts Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Blue Trust Inc. cut its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 57.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,970 shares of the bank’s stock after selling 31,526 shares during the quarter. Blue Trust Inc.’s holdings in Shinhan Financial Group were worth $755,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHG. Creative Planning grew its holdings in shares of Shinhan Financial Group by 21.4% in the third quarter. Creative Planning now owns 121,758 shares of the bank’s stock valued at $5,159,000 after purchasing an additional 21,432 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Shinhan Financial Group by 24.6% in the third quarter. Bleakley Financial Group LLC now owns 12,954 shares of the bank’s stock valued at $549,000 after purchasing an additional 2,555 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of Shinhan Financial Group by 8.1% in the third quarter. Aaron Wealth Advisors LLC now owns 7,338 shares of the bank’s stock valued at $311,000 after purchasing an additional 548 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 purchasing an additional 789 shares in the last quarter. Finally, Waldron Private Wealth LLC purchased a new position in shares of Shinhan Financial Group in the third quarter valued at $126,000. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Trading Down 0.6 %

SHG stock opened at $33.84 on Monday. The firm has a market cap of $17.04 billion, a PE ratio of 5.31, a price-to-earnings-growth ratio of 0.50 and a beta of 0.94. The firm has a fifty day moving average price of $34.38 and a 200 day moving average price of $38.76. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $29.25 and a fifty-two week high of $46.05. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04.

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.