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

Cable Hill Partners LLC trimmed its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 14.8% in the third quarter, Holdings Channel reports. The fund owned 6,196 shares of the bank’s stock after selling 1,074 shares during the quarter. Cable Hill Partners LLC’s holdings in Shinhan Financial Group were worth $263,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. SageView Advisory Group LLC bought a new position in Shinhan Financial Group in the first quarter valued at about $61,000. FSC Wealth Advisors LLC acquired a new position in Shinhan Financial Group in the 3rd quarter valued at approximately $76,000. Allspring Global Investments Holdings LLC raised its stake in shares of Shinhan Financial Group by 42.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,290 shares of the bank’s stock valued at $81,000 after acquiring an additional 678 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Shinhan Financial Group by 45.4% during the third quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock worth $84,000 after purchasing an additional 621 shares during the period. Finally, Fifth Third Bancorp bought a new stake in shares of Shinhan Financial Group in the second quarter worth $107,000. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Stock Up 0.2 %

Shares of NYSE: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 P/E/G ratio of 0.64 and a beta of 0.93. Shinhan Financial Group Co., Ltd. has a 12-month low of $27.09 and a 12-month high of $46.05. The business has a fifty day simple moving average of $41.38 and a 200 day simple moving average of $38.86. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.50.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings data on Friday, October 25th. The bank reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. Shinhan Financial Group had a return on equity of 7.24% and a net margin of 12.21%. The company had revenue of $3.11 billion for the quarter. Analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current 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.