Raymond James Financial Inc. bought a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,464 shares of the bank's stock, valued at approximately $574,000.
A number of other institutional investors and hedge funds also recently modified their holdings of SHG. AMG National Trust Bank bought a new stake in shares of Shinhan Financial Group in the 4th quarter worth approximately $1,009,000. Yousif Capital Management LLC grew its stake in shares of Shinhan Financial Group by 514.6% during the 4th 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 during the period. Blue Trust Inc. increased its holdings in 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 acquiring an additional 18,402 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Shinhan Financial Group by 14.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,550 shares of the bank's stock valued at $18,365,000 after acquiring an additional 71,574 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Shinhan Financial Group in the 4th quarter valued at about $333,000. 7.76% of the stock is owned by hedge funds and other institutional investors.
Shinhan Financial Group Stock Performance
NYSE:SHG traded up $0.27 on Wednesday, reaching $36.99. 45,942 shares of the company's stock were exchanged, compared to its average volume of 247,910. The firm has a market cap of $18.62 billion, a price-to-earnings ratio of 5.81, a P/E/G ratio of 0.44 and a beta of 0.84. 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 fifty day simple moving average of $33.28 and a 200-day simple moving average of $34.87. Shinhan Financial Group Co., Ltd. has a 52 week low of $28.76 and a 52 week high of $46.05.
Shinhan Financial Group (NYSE:SHG - Get Free Report) last released 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. As a group, sell-side analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current year.
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.
Featured Stories
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
