Yousif Capital Management LLC grew its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 514.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,176 shares of the bank's stock after buying an additional 39,500 shares during the quarter. Yousif Capital Management LLC's holdings in Shinhan Financial Group were worth $1,551,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. FSC Wealth Advisors LLC purchased a new stake in Shinhan Financial Group in the 3rd quarter worth about $76,000. R Squared Ltd purchased a new stake in Shinhan Financial Group in the 4th quarter worth about $76,000. Waldron Private Wealth LLC purchased a new stake in Shinhan Financial Group in the 3rd quarter worth about $126,000. Allspring Global Investments Holdings LLC raised its position in Shinhan Financial Group by 34.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank's stock worth $130,000 after purchasing an additional 789 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in Shinhan Financial Group in the 3rd quarter worth about $202,000. 7.76% of the stock is currently owned by hedge funds and other institutional investors.
Shinhan Financial Group Trading Down 0.6 %
Shinhan Financial Group stock traded down $0.20 during midday trading on Friday, reaching $33.84. The stock had a trading volume of 649,830 shares, compared to its average volume of 178,126. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a 52-week low of $29.25 and a 52-week high of $46.05. The firm has a market cap of $17.04 billion, a price-to-earnings ratio of 5.31, a price-to-earnings-growth ratio of 0.50 and a beta of 0.94. The company has a fifty day moving average of $34.38 and a 200 day moving average of $38.76.
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.
Read More
Before you consider Shinhan Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shinhan Financial Group wasn't on the list.
While Shinhan Financial Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
