Public Employees Retirement System of Ohio acquired a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 52,378 shares of the bank's stock, valued at approximately $2,219,000.
A number of other institutional investors also recently made changes to their positions in SHG. FSC Wealth Advisors LLC bought a new stake in Shinhan Financial Group during the 3rd quarter valued at $76,000. GAMMA Investing LLC raised its holdings in Shinhan Financial Group by 45.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,988 shares of the bank's stock valued at $84,000 after buying an additional 621 shares during the last quarter. Fifth Third Bancorp bought a new stake in Shinhan Financial Group during the 2nd quarter valued at $107,000. Waldron Private Wealth LLC bought a new stake in Shinhan Financial Group during the 3rd quarter valued at $126,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Shinhan Financial Group by 34.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank's stock valued at $130,000 after buying an additional 789 shares during the last quarter. Hedge funds and other institutional investors own 7.76% of the company's stock.
Shinhan Financial Group Trading Down 0.5 %
NYSE:SHG traded down $0.17 during midday trading on Wednesday, reaching $33.97. 235,644 shares of the stock traded hands, compared to its average volume of 133,876. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. Shinhan Financial Group Co., Ltd. has a 12 month low of $27.09 and a 12 month high of $46.05. The stock has a market capitalization of $17.10 billion, a P/E ratio of 5.33, a PEG ratio of 0.57 and a beta of 0.92. The company has a fifty day moving average of $39.27 and a 200 day moving average of $39.40.
Shinhan Financial Group (NYSE:SHG - Get Free Report) last issued its quarterly earnings data on Friday, October 25th. The bank reported $1.76 EPS for the quarter, topping the consensus estimate of $1.74 by $0.02. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The business had revenue of $3.11 billion during the quarter. On average, research analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current year.
Shinhan Financial Group Profile
(
Free Report)
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.
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