Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 37.2% in the 4th quarter, Holdings Channel reports. The firm owned 8,962 shares of the bank’s stock after purchasing an additional 2,430 shares during the period. HighTower Advisors LLC’s holdings in Shinhan Financial Group were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHG. Sierra Ocean LLC purchased a new stake in shares of Shinhan Financial Group during the 4th quarter valued at approximately $43,000. R Squared Ltd purchased a new stake in Shinhan Financial Group in the fourth quarter valued at approximately $76,000. Verition Fund Management LLC acquired a new position in Shinhan Financial Group during the third quarter worth $202,000. M&T Bank Corp grew its stake in shares of Shinhan Financial Group by 11.7% in the fourth quarter. M&T Bank Corp now owns 6,245 shares of the bank’s stock valued at $205,000 after buying an additional 655 shares in the last quarter. Finally, Glenmede Trust Co. NA purchased a new stake in shares of Shinhan Financial Group in the 3rd quarter valued at $237,000. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Performance

Shares of Shinhan Financial Group stock opened at $32.57 on Wednesday. The stock has a market capitalization of $16.39 billion, a price-to-earnings ratio of 5.11, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. Shinhan Financial Group Co., Ltd. has a 12 month low of $29.25 and a 12 month high of $46.05. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50-day moving average of $33.36 and a 200 day moving average of $36.61.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The business had revenue of $2.82 billion for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. As a group, sell-side analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 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.