First Trust Advisors LP Purchases New Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

First Trust Advisors LP acquired a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,827 shares of the bank's stock, valued at approximately $652,000.

Several other hedge funds also recently modified their holdings of SHG. Franklin Resources Inc. boosted its stake in Shinhan Financial Group by 4.4% during the 3rd quarter. Franklin Resources Inc. now owns 83,524 shares of the bank's stock valued at $3,608,000 after purchasing an additional 3,550 shares during the period. Aprio Wealth Management LLC boosted its stake in Shinhan Financial Group by 13.2% during the fourth quarter. Aprio Wealth Management LLC now owns 12,576 shares of the bank's stock worth $413,000 after buying an additional 1,464 shares in the last quarter. Aaron Wealth Advisors LLC increased its holdings in Shinhan Financial Group by 3.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 7,627 shares of the bank's stock valued at $251,000 after buying an additional 289 shares during the period. SG Americas Securities LLC acquired a new stake in Shinhan Financial Group during the fourth quarter valued at approximately $333,000. Finally, Blue Trust Inc. raised its holdings 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 worth $2,397,000 after buying an additional 18,402 shares in the last quarter. Institutional investors and hedge funds own 7.76% of the company's stock.

Shinhan Financial Group Price Performance

Shinhan Financial Group stock traded up $0.27 during mid-day trading on Wednesday, hitting $36.99. 45,942 shares of the company were exchanged, compared to its average volume of 247,910. Shinhan Financial Group Co., Ltd. has a 1-year low of $28.76 and a 1-year high of $46.05. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The business has a fifty day moving average of $33.28 and a 200 day moving average of $34.87. The company has a market capitalization of $18.62 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its earnings results on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The company had revenue of $2.82 billion for the quarter. As a group, sell-side analysts expect 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.