Blue Trust Inc. Buys 18,402 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Blue Trust Inc. increased its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 33.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,898 shares of the bank's stock after purchasing an additional 18,402 shares during the period. Blue Trust Inc.'s holdings in Shinhan Financial Group were worth $2,397,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SHG. FSC Wealth Advisors LLC bought a new position in Shinhan Financial Group during the third quarter worth about $76,000. GAMMA Investing LLC lifted its holdings in Shinhan Financial Group by 45.4% during the third quarter. GAMMA Investing LLC now owns 1,988 shares of the bank's stock worth $84,000 after acquiring an additional 621 shares in the last quarter. Waldron Private Wealth LLC bought a new position in Shinhan Financial Group during the third quarter worth about $126,000. Allspring Global Investments Holdings LLC lifted its holdings 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 acquiring an additional 789 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in Shinhan Financial Group during the third quarter worth about $202,000. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Trading Up 0.3 %

SHG stock traded up $0.10 during midday trading on Tuesday, hitting $35.32. 180,969 shares of the company's stock were exchanged, compared to its average volume of 195,157. The stock's fifty day moving average price is $35.56 and its 200-day moving average price is $39.22. 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 company has a market cap of $17.78 billion, a PE ratio of 5.54, a price-to-earnings-growth ratio of 0.51 and a beta of 0.95. Shinhan Financial Group Co., Ltd. has a one year low of $29.25 and a one year high of $46.05.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last posted its earnings results on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.02. The firm had revenue of $3.11 billion for 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 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.