Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lessened its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,360 shares of the bank’s stock after selling 1,267 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Shinhan Financial Group were worth $900,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SHG. Allspring Global Investments Holdings LLC lifted its holdings in shares of Shinhan Financial Group by 34.5% in the 3rd 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 during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Shinhan Financial Group in the 3rd quarter valued at about $334,000. QRG Capital Management Inc. lifted its holdings in shares of Shinhan Financial Group by 41.6% in the 3rd quarter. QRG Capital Management Inc. now owns 21,480 shares of the bank’s stock valued at $910,000 after buying an additional 6,307 shares during the period. Assetmark Inc. lifted its holdings in shares of Shinhan Financial Group by 1,535.4% in the 3rd quarter. Assetmark Inc. now owns 23,124 shares of the bank’s stock valued at $980,000 after buying an additional 21,710 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Shinhan Financial Group by 191.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank’s stock valued at $891,000 after purchasing an additional 13,808 shares in the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shares of Shinhan Financial Group stock opened at $31.79 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a twelve month low of $29.25 and a twelve month high of $46.05. The business has a 50-day moving average price of $34.07 and a 200 day moving average price of $38.18. The firm has a market cap of $16.00 billion, a PE ratio of 4.99, a P/E/G ratio of 0.44 and a beta of 0.94.

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.