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

Stifel Financial Corp boosted its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 121.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,782 shares of the bank’s stock after acquiring an additional 15,256 shares during the quarter. Stifel Financial Corp’s holdings in Shinhan Financial Group were worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission.

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

Shinhan Financial Group Price Performance

Shares of NYSE:SHG opened at $33.84 on Monday. Shinhan Financial Group Co., Ltd. has a 52 week low of $27.09 and a 52 week high of $46.05. The company has a 50-day moving average price of $38.78 and a 200 day moving average price of $39.36. The company has a market cap of $17.04 billion, a P/E ratio of 5.31, a PEG ratio of 0.57 and a beta of 0.92. 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) last posted its quarterly earnings results on Friday, October 25th. The bank reported $1.76 EPS for the quarter, beating the consensus estimate of $1.74 by $0.02. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The business had revenue of $3.11 billion during the quarter. Research analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 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.