Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Acquired by M&T Bank Corp

M&T Bank Corp increased its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,245 shares of the bank’s stock after acquiring an additional 655 shares during the period. M&T Bank Corp’s holdings in Shinhan Financial Group were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHG. Oppenheimer Asset Management Inc. grew its holdings 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 acquiring an additional 13,808 shares during the period. OneDigital Investment Advisors LLC grew its holdings in Shinhan Financial Group by 14.5% during the third quarter. OneDigital Investment Advisors LLC now owns 10,767 shares of the bank’s stock worth $456,000 after acquiring an additional 1,366 shares during the period. Natixis Advisors LLC grew its holdings in Shinhan Financial Group by 25.6% during the third quarter. Natixis Advisors LLC now owns 108,738 shares of the bank’s stock worth $4,607,000 after acquiring an additional 22,162 shares during the period. Drive Wealth Management LLC acquired a new stake in Shinhan Financial Group during the third quarter worth about $218,000. Finally, Pathstone Holdings LLC grew its holdings 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 acquiring an additional 36,815 shares during the period. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Up 0.9 %

Shinhan Financial Group stock opened at $31.92 on Friday. The firm has a market cap of $16.07 billion, a price-to-earnings ratio of 5.01, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. Shinhan Financial Group Co., Ltd. has a 52 week low of $29.25 and a 52 week high of $46.05. The business’s 50-day moving average price is $33.76 and its 200 day moving average price is $37.44. 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 issued its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The company had revenue of $2.82 billion for the quarter. As a group, sell-side analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current 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.