Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 121.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,782 shares of the bank’s stock after buying an additional 15,256 shares during the period. Stifel Financial Corp’s holdings in Shinhan Financial Group were worth $1,177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp acquired a new stake in shares of Shinhan Financial Group in the 2nd quarter worth approximately $107,000. Atomi Financial Group Inc. boosted its position in Shinhan Financial Group by 22.4% during the second quarter. Atomi Financial Group Inc. now owns 14,212 shares of the bank’s stock worth $495,000 after purchasing an additional 2,605 shares in the last quarter. Atlas Capital Advisors LLC grew its holdings in Shinhan Financial Group by 42.4% in the second quarter. Atlas Capital Advisors LLC now owns 10,332 shares of the bank’s stock valued at $360,000 after purchasing an additional 3,074 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Shinhan Financial Group in the second quarter valued at $887,000. Finally, Natixis Advisors LLC raised its stake in shares of Shinhan Financial Group by 2.4% during the 2nd quarter. Natixis Advisors LLC now owns 86,576 shares of the bank’s stock worth $3,014,000 after buying an additional 2,070 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Price Performance

Shinhan Financial Group stock opened at $33.84 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The firm’s 50-day simple moving average is $38.78 and its 200 day simple moving average is $39.36. Shinhan Financial Group Co., Ltd. has a 52 week low of $27.09 and a 52 week high of $46.05. The firm has a market capitalization of $17.04 billion, a PE ratio of 5.31, a P/E/G ratio of 0.57 and a beta of 0.92.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings results on Friday, October 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.02. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The company had revenue of $3.11 billion for the quarter. On average, equities research analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current fiscal 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.