Citigroup Inc. Sells 7,956 Shares of Shinhan Financial Group Co Ltd (SHG)

Citigroup Inc. lowered its position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 38.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,498 shares of the bank’s stock after selling 7,956 shares during the period. Citigroup Inc.’s holdings in Shinhan Financial Group Co were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SHG. US Bancorp DE increased its stake in shares of Shinhan Financial Group Co by 5.8% during the first quarter. US Bancorp DE now owns 3,919 shares of the bank’s stock worth $164,000 after purchasing an additional 215 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Shinhan Financial Group Co during the first quarter worth approximately $201,000. Comerica Bank increased its stake in shares of Shinhan Financial Group Co by 1.2% during the first quarter. Comerica Bank now owns 28,197 shares of the bank’s stock worth $1,188,000 after purchasing an additional 334 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Shinhan Financial Group Co during the first quarter worth approximately $315,000. Finally, Wellington Management Group LLP increased its stake in shares of Shinhan Financial Group Co by 23.9% during the first quarter. Wellington Management Group LLP now owns 103,188 shares of the bank’s stock worth $4,312,000 after purchasing an additional 19,886 shares during the period. Institutional investors own 2.32% of the company’s stock.

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A number of brokerages have recently weighed in on SHG. Zacks Investment Research lowered Shinhan Financial Group Co from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 21st. HSBC Holdings plc upgraded Shinhan Financial Group Co from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd.

Shinhan Financial Group Co Ltd (NYSE:SHG) opened at 44.72 on Friday. The company has a market cap of $21.21 billion, a price-to-earnings ratio of 7.57 and a beta of 1.06. Shinhan Financial Group Co Ltd has a 52 week low of $35.64 and a 52 week high of $48.98. The stock’s 50 day moving average price is $44.67 and its 200-day moving average price is $44.28.

About Shinhan Financial Group Co

Shinhan Financial Group Co, Ltd. (SFG) is a financial holding company. The Company operates through five segments: commercial banking services, which are provided by Shinhan Bank Co, Ltd. (Shinhan Bank); credit card services, which are provided by Shinhan Card Co, Ltd. (Shinhan Card); securities brokerage services, which are provided by Shinhan Investment Corp.

Institutional Ownership by Quarter for Shinhan Financial Group Co (NYSE:SHG)

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