Stifel Financial Corp Acquires 15,256 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Stifel Financial Corp lifted its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 121.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,782 shares of the bank's stock after purchasing an additional 15,256 shares during the quarter. Stifel Financial Corp's holdings in Shinhan Financial Group were worth $1,177,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Caprock Group LLC lifted its stake in shares of Shinhan Financial Group by 2.1% in the second quarter. Caprock Group LLC now owns 13,785 shares of the bank's stock valued at $480,000 after buying an additional 286 shares in the last quarter. Profund Advisors LLC raised its holdings in shares of Shinhan Financial Group by 3.5% in the 2nd quarter. Profund Advisors LLC now owns 9,537 shares of the bank's stock worth $332,000 after acquiring an additional 323 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Shinhan Financial Group by 6.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,224 shares of the bank's stock valued at $251,000 after acquiring an additional 421 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Shinhan Financial Group by 6.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank's stock valued at $256,000 after purchasing an additional 445 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its holdings in Shinhan Financial Group by 8.1% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 7,338 shares of the bank's stock worth $311,000 after purchasing an additional 548 shares in the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Up 0.8 %

Shares of Shinhan Financial Group stock traded up $0.28 on Monday, hitting $34.12. The company had a trading volume of 149,900 shares, compared to its average volume of 135,309. The stock has a market capitalization of $17.18 billion, a price-to-earnings ratio of 5.36, a P/E/G ratio of 0.57 and a beta of 0.92. 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 1 year low of $27.09 and a 1 year high of $46.05. The stock has a 50 day moving average of $38.78 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 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.02. The business 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%. As a group, sell-side analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.32 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.