Brandes Investment Partners LP Has $18.04 Million Stock Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Brandes Investment Partners LP decreased its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 522,440 shares of the bank’s stock after selling 1,464 shares during the period. Brandes Investment Partners LP’s holdings in Shinhan Financial Group were worth $18,038,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Shinhan Financial Group by 68.1% in the first quarter. GAMMA Investing LLC now owns 1,577 shares of the bank’s stock valued at $56,000 after buying an additional 639 shares during the period. SageView Advisory Group LLC acquired a new position in Shinhan Financial Group during the first quarter valued at approximately $61,000. Allspring Global Investments Holdings LLC increased its stake in Shinhan Financial Group by 42.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,290 shares of the bank’s stock valued at $81,000 after purchasing an additional 678 shares in the last quarter. Janiczek Wealth Management LLC raised its holdings in Shinhan Financial Group by 25.2% in the first quarter. Janiczek Wealth Management LLC now owns 2,886 shares of the bank’s stock worth $103,000 after purchasing an additional 581 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of Shinhan Financial Group during the second quarter worth $107,000. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Trading Down 2.7 %

NYSE:SHG opened at $43.57 on Monday. The stock has a market capitalization of $22.19 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 0.75 and a beta of 0.92. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.02 and a quick ratio of 1.02. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $25.09 and a fifty-two week high of $46.05. The business’s 50-day simple moving average is $41.95 and its 200-day simple moving average is $37.22.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings data on Friday, July 26th. The bank reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.19. The business had revenue of $3.25 billion during the quarter. Shinhan Financial Group had a return on equity of 7.16% and a net margin of 12.23%. Sell-side analysts expect that Shinhan Financial Group Co., Ltd. will post 6.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th.

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.