Yousif Capital Management LLC Buys 39,500 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Yousif Capital Management LLC raised its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 514.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,176 shares of the bank’s stock after purchasing an additional 39,500 shares during the quarter. Yousif Capital Management LLC’s holdings in Shinhan Financial Group were worth $1,551,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC raised its stake in Shinhan Financial Group by 103.9% during the third quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank’s stock worth $3,060,000 after buying an additional 36,815 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Shinhan Financial Group by 121.8% during the 3rd quarter. Stifel Financial Corp now owns 27,782 shares of the bank’s stock valued at $1,177,000 after purchasing an additional 15,256 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Shinhan Financial Group by 191.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank’s stock worth $891,000 after purchasing an additional 13,808 shares during the period. Sanctuary Advisors LLC lifted its stake in Shinhan Financial Group by 8.7% in the third quarter. Sanctuary Advisors LLC now owns 9,210 shares of the bank’s stock valued at $366,000 after buying an additional 735 shares during the period. Finally, Creative Planning boosted its holdings in shares of Shinhan Financial Group by 21.4% during the 3rd quarter. Creative Planning now owns 121,758 shares of the bank’s stock worth $5,159,000 after buying an additional 21,432 shares in the last quarter. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Down 0.6 %

Shinhan Financial Group stock opened at $33.97 on Thursday. 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 company has a market capitalization of $17.10 billion, a PE ratio of 5.33, a PEG ratio of 0.50 and a beta of 0.94. The firm’s fifty day moving average is $34.54 and its 200 day moving average is $38.92. Shinhan Financial Group Co., Ltd. has a 12-month low of $29.25 and a 12-month high of $46.05.

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.