B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 70,379 Shinhan Financial Group Co., Ltd. (NYSE:SHG)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 70,379 shares of the bank's stock, valued at approximately $2,982,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FSC Wealth Advisors LLC bought a new position in shares of Shinhan Financial Group during the third quarter worth about $76,000. GAMMA Investing LLC lifted its position in shares of Shinhan Financial Group by 45.4% in the 3rd 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. Waldron Private Wealth LLC acquired a new stake in shares of Shinhan Financial Group during the third quarter worth $126,000. Allspring Global Investments Holdings LLC raised its stake in Shinhan Financial Group by 34.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank's stock worth $130,000 after buying an additional 789 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in Shinhan Financial Group in the second quarter valued at $107,000. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Trading Up 0.2 %

Shinhan Financial Group stock traded up $0.08 during trading hours on Thursday, reaching $39.66. 59,319 shares of the company's stock were exchanged, compared to its average volume of 128,486. The firm's 50 day simple moving average is $41.09 and its 200 day simple moving average is $39.03. Shinhan Financial Group Co., Ltd. has a twelve month low of $27.09 and a twelve month high of $46.05. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $20.20 billion, a PE ratio of 6.21, a PEG ratio of 0.63 and a beta of 0.93.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last issued its earnings results on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.02. The business had revenue of $3.11 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. Research 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.