Northern Trust Corp Grows Stock Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Northern Trust Corp increased its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 249.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,445,120 shares of the bank's stock after purchasing an additional 1,031,257 shares during the quarter. Northern Trust Corp owned 0.29% of Shinhan Financial Group worth $47,516,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aaron Wealth Advisors LLC grew its stake in Shinhan Financial Group by 3.9% in the fourth quarter. Aaron Wealth Advisors LLC now owns 7,627 shares of the bank's stock valued at $251,000 after purchasing an additional 289 shares in the last quarter. Aquatic Capital Management LLC grew its position in shares of Shinhan Financial Group by 2.8% during the 4th quarter. Aquatic Capital Management LLC now owns 14,471 shares of the bank's stock worth $476,000 after buying an additional 392 shares during the period. Sterling Capital Management LLC raised its holdings in Shinhan Financial Group by 8.1% in the fourth quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock worth $183,000 after purchasing an additional 415 shares during the period. M&T Bank Corp raised its position in Shinhan Financial Group by 11.7% in the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank's stock valued at $205,000 after buying an additional 655 shares during the last quarter. Finally, Gabelli Funds LLC boosted its holdings in shares of Shinhan Financial Group by 3.4% in the 4th quarter. Gabelli Funds LLC now owns 30,400 shares of the bank's stock valued at $1,000,000 after buying an additional 1,000 shares during the last quarter. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Performance

Shares of SHG traded up $0.14 during mid-day trading on Friday, hitting $36.16. 95,455 shares of the company's stock were exchanged, compared to its average volume of 175,960. The stock's 50-day simple moving average is $33.09 and its 200-day simple moving average is $34.93. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 5.68, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84. Shinhan Financial Group Co., Ltd. has a 52 week low of $28.76 and a 52 week 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 announced its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The company had revenue of $2.82 billion for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. On average, equities research analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 EPS 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.