First Trust Advisors LP Makes New $652,000 Investment in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

First Trust Advisors LP purchased a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,827 shares of the bank's stock, valued at approximately $652,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. grew its stake in Shinhan Financial Group by 4.4% during the third quarter. Franklin Resources Inc. now owns 83,524 shares of the bank's stock valued at $3,608,000 after acquiring an additional 3,550 shares in the last quarter. Aprio Wealth Management LLC grew 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 valued at $413,000 after acquiring an additional 1,464 shares in the last quarter. Aaron Wealth Advisors LLC grew its stake in Shinhan Financial Group by 3.9% during the fourth quarter. Aaron Wealth Advisors LLC now owns 7,627 shares of the bank's stock valued at $251,000 after acquiring an additional 289 shares in the last quarter. SG Americas Securities LLC purchased a new position in Shinhan Financial Group during the fourth quarter valued at approximately $333,000. Finally, Blue Trust Inc. grew its stake in Shinhan Financial Group by 33.8% during the fourth quarter. Blue Trust Inc. now owns 72,898 shares of the bank's stock valued at $2,397,000 after acquiring an additional 18,402 shares in the last quarter. Institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Price Performance

NYSE:SHG traded up $0.56 during mid-day trading on Monday, hitting $36.76. 179,616 shares of the stock traded hands, compared to its average volume of 175,975. The business's 50-day moving average price is $33.09 and its 200 day moving average price is $34.89. The company has a market cap of $18.51 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84. Shinhan Financial Group Co., Ltd. has a 12-month low of $28.76 and a 12-month 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.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The company had revenue of $2.82 billion during the quarter. On average, analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal year.

Shinhan Financial Group Profile

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.