Raymond James Financial Inc. Purchases New Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Raymond James Financial Inc. acquired a new position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,464 shares of the bank’s stock, valued at approximately $574,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its holdings in shares of Shinhan Financial Group by 121.8% during the third quarter. Stifel Financial Corp now owns 27,782 shares of the bank’s stock worth $1,177,000 after purchasing an additional 15,256 shares during the period. Sanctuary Advisors LLC raised its position in Shinhan Financial Group by 8.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,210 shares of the bank’s stock worth $366,000 after purchasing an additional 735 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in Shinhan Financial Group by 514.6% during the 4th quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank’s stock worth $1,551,000 after buying an additional 39,500 shares during the period. Blue Trust Inc. grew its position in shares of Shinhan Financial Group by 33.8% in the 4th quarter. Blue Trust Inc. now owns 72,898 shares of the bank’s stock valued at $2,397,000 after buying an additional 18,402 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Shinhan Financial Group by 117.8% in the third quarter. BNP Paribas Financial Markets now owns 27,573 shares of the bank’s stock valued at $1,168,000 after buying an additional 14,915 shares during the period. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Stock Down 0.3 %

Shinhan Financial Group stock opened at $30.77 on Tuesday. The firm has a market cap of $15.49 billion, a price-to-earnings ratio of 4.83, a PEG ratio of 0.44 and a beta of 0.85. 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 debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50 day moving average price of $33.08 and a two-hundred day moving average price of $36.29.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The firm 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%. Equities analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current 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.