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

Raymond James Financial Inc. acquired a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,464 shares of the bank's stock, valued at approximately $574,000.

A number of other institutional investors have also recently bought and sold shares of the business. NewEdge Wealth LLC boosted its stake in Shinhan Financial Group by 6.5% during the 4th quarter. NewEdge Wealth LLC now owns 104,657 shares of the bank's stock worth $3,441,000 after acquiring an additional 6,369 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Shinhan Financial Group by 4.4% in the 3rd quarter. Franklin Resources Inc. now owns 83,524 shares of the bank's stock valued at $3,608,000 after buying an additional 3,550 shares during the period. Blue Trust Inc. increased 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Shinhan Financial Group during the 3rd quarter worth $2,219,000. Finally, Yousif Capital Management LLC lifted its holdings in Shinhan Financial Group by 514.6% during the fourth quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank's stock worth $1,551,000 after acquiring an additional 39,500 shares in the last quarter. Institutional investors and hedge funds own 7.76% of the company's stock.

Shinhan Financial Group Trading Up 5.7 %

Shares of Shinhan Financial Group stock traded up $1.76 during trading hours on Friday, hitting $32.49. The company's stock had a trading volume of 256,475 shares, compared to its average volume of 169,983. The company has a market capitalization of $16.35 billion, a PE ratio of 5.10, a price-to-earnings-growth ratio of 0.44 and a beta of 0.85. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a 50 day moving average of $32.55 and a 200 day moving average of $35.91. Shinhan Financial Group Co., Ltd. has a 12 month low of $28.76 and a 12 month high of $46.05.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last posted its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The business had revenue of $2.82 billion during the quarter. Analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current 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.