DGS Capital Management LLC Sells 3,181 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

DGS Capital Management LLC lessened its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 10.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 26,357 shares of the bank’s stock after selling 3,181 shares during the period. DGS Capital Management LLC’s holdings in Shinhan Financial Group were worth $867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of SHG. FSC Wealth Advisors LLC bought a new position in Shinhan Financial Group in the 3rd quarter worth approximately $76,000. GAMMA Investing LLC boosted its holdings in shares of Shinhan Financial Group by 45.4% in the third quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock worth $84,000 after acquiring an additional 621 shares during the period. Waldron Private Wealth LLC purchased a new position in shares of Shinhan Financial Group in the third quarter valued at $126,000. Allspring Global Investments Holdings LLC grew its position 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, Verition Fund Management LLC bought a new stake in shares of Shinhan Financial Group during the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Down 0.5 %

Shares of NYSE SHG opened at $35.18 on Friday. The business has a 50-day simple moving average of $35.68 and a two-hundred day simple moving average of $39.22. Shinhan Financial Group Co., Ltd. has a 52 week low of $29.25 and a 52 week high of $46.05. The company has a market cap of $17.71 billion, a P/E ratio of 5.52, a P/E/G ratio of 0.51 and a beta of 0.95. 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 (NYSE:SHG) last issued its quarterly earnings data 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 7.34%. The company had revenue of $3.11 billion during the quarter. Research analysts anticipate that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current fiscal year.

Shinhan Financial Group Company 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.