Bleakley Financial Group LLC Purchases 2,555 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Bleakley Financial Group LLC grew its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 24.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,954 shares of the bank’s stock after acquiring an additional 2,555 shares during the quarter. Bleakley Financial Group LLC’s holdings in Shinhan Financial Group were worth $549,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Caprock Group LLC grew its position in shares of Shinhan Financial Group by 2.1% during the 2nd quarter. Caprock Group LLC now owns 13,785 shares of the bank’s stock worth $480,000 after purchasing an additional 286 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Shinhan Financial Group by 3.5% in the second quarter. Profund Advisors LLC now owns 9,537 shares of the bank’s stock valued at $332,000 after buying an additional 323 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Shinhan Financial Group by 6.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,224 shares of the bank’s stock worth $251,000 after acquiring an additional 421 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Shinhan Financial Group by 6.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank’s stock valued at $256,000 after acquiring an additional 445 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Shinhan Financial Group by 2.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,063 shares of the bank’s stock valued at $587,000 after acquiring an additional 527 shares during the period. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Down 2.6 %

Shares of NYSE SHG opened at $40.42 on Tuesday. The stock has a market capitalization of $20.59 billion, a P/E ratio of 6.43, a PEG ratio of 0.73 and a beta of 0.92. The stock’s fifty day moving average is $42.37 and its 200 day moving average is $37.89. Shinhan Financial Group Co., Ltd. has a 52 week low of $25.09 and a 52 week high of $46.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.02 and a current ratio of 1.02.

Shinhan Financial Group (NYSE:SHG) last released its earnings results on Friday, July 26th. The bank reported $1.97 EPS for the quarter, beating the consensus estimate of $1.78 by $0.19. Shinhan Financial Group had a net margin of 12.23% and a return on equity of 7.16%. The firm had revenue of $3.25 billion for the quarter. Sell-side analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.22 earnings per share 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.