Northern Trust Corp Acquires 1,031,257 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Northern Trust Corp grew its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 249.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,445,120 shares of the bank's stock after buying an additional 1,031,257 shares during the period. Northern Trust Corp owned approximately 0.29% of Shinhan Financial Group worth $47,516,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Aaron Wealth Advisors LLC boosted its stake in shares of 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 purchasing an additional 289 shares in the last quarter. Aquatic Capital Management LLC increased its holdings in shares of Shinhan Financial Group by 2.8% during the fourth quarter. Aquatic Capital Management LLC now owns 14,471 shares of the bank's stock valued at $476,000 after acquiring an additional 392 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Shinhan Financial Group by 8.1% during the fourth quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock valued at $183,000 after acquiring an additional 415 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Shinhan Financial Group by 11.7% during the fourth quarter. M&T Bank Corp now owns 6,245 shares of the bank's stock valued at $205,000 after acquiring an additional 655 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of Shinhan Financial Group by 3.4% during the fourth 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. Institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Stock Up 0.8%

Shares of NYSE:SHG traded up $0.28 during mid-day trading on Wednesday, hitting $37.00. 51,052 shares of the company traded hands, compared to its average volume of 175,961. The stock has a 50-day moving average price of $33.28 and a two-hundred day moving average price of $34.87. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a 12-month low of $28.76 and a 12-month high of $46.05. The stock has a market cap of $18.63 billion, a P/E ratio of 5.81, a P/E/G ratio of 0.44 and a beta of 0.84.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last issued its quarterly 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 firm had revenue of $2.82 billion for the quarter. On average, equities research analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current 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.