Mercer Global Advisors Inc. ADV Boosts Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Mercer Global Advisors Inc. ADV boosted its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 43.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,519 shares of the bank’s stock after buying an additional 4,067 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Shinhan Financial Group were worth $444,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Shinhan Financial Group in the fourth quarter valued at approximately $125,000. Jane Street Group LLC purchased a new stake in shares of Shinhan Financial Group in the 4th quarter worth $690,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Shinhan Financial Group during the 4th quarter worth $658,000. Northern Trust Corp grew its position in shares of Shinhan Financial Group by 249.2% during the 4th quarter. Northern Trust Corp now owns 1,445,120 shares of the bank’s stock worth $47,516,000 after buying an additional 1,031,257 shares in the last quarter. Finally, Aquatic Capital Management LLC increased its stake in shares of Shinhan Financial Group by 2.8% during the fourth quarter. Aquatic Capital Management LLC now owns 14,471 shares of the bank’s stock valued at $476,000 after buying an additional 392 shares during the period. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Down 0.2%

NYSE:SHG opened at $36.69 on Wednesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. Shinhan Financial Group Co., Ltd. has a 1-year low of $28.76 and a 1-year high of $46.05. The company has a 50-day moving average of $33.28 and a 200 day moving average of $34.87. The firm has a market cap of $18.47 billion, a PE ratio of 5.76, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The business had revenue of $2.82 billion during the quarter. As a group, research analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal year.

About Shinhan Financial Group

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.