NewEdge Advisors LLC Has $557,000 Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

NewEdge Advisors LLC increased its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 15.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,946 shares of the bank’s stock after buying an additional 2,206 shares during the quarter. NewEdge Advisors LLC’s holdings in Shinhan Financial Group were worth $557,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SHG. Sierra Ocean LLC acquired a new position in Shinhan Financial Group during the 4th quarter worth approximately $43,000. R Squared Ltd acquired a new position in Shinhan Financial Group during the 4th quarter worth approximately $76,000. Sterling Capital Management LLC increased its position in Shinhan Financial Group by 8.1% during the 4th quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank’s stock worth $183,000 after purchasing an additional 415 shares in the last quarter. M&T Bank Corp increased its position in Shinhan Financial Group by 11.7% during the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank’s stock worth $205,000 after purchasing an additional 655 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in Shinhan Financial Group during the 4th quarter worth approximately $246,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Price Performance

SHG stock opened at $34.65 on Monday. The company has a 50 day simple moving average of $32.47 and a 200 day simple moving average of $35.28. The stock has a market cap of $17.44 billion, a price-to-earnings ratio of 5.44, a P/E/G ratio of 0.44 and a beta of 0.85. 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 debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The firm had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. Research analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal year.

Shinhan Financial Group Company 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.