HighTower Advisors LLC Buys 2,430 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

HighTower Advisors LLC increased its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 37.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,962 shares of the bank’s stock after acquiring an additional 2,430 shares during the period. HighTower Advisors LLC’s holdings in Shinhan Financial Group were worth $295,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Natural Investments LLC bought a new stake in Shinhan Financial Group during the 4th quarter valued at about $891,000. AMG National Trust Bank bought a new position in Shinhan Financial Group in the fourth quarter worth about $1,009,000. Raymond James Financial Inc. purchased a new stake in Shinhan Financial Group during the fourth quarter valued at approximately $574,000. M&T Bank Corp boosted its position in shares of Shinhan Financial Group by 11.7% in the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank’s stock worth $205,000 after purchasing an additional 655 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in Shinhan Financial Group during the 4th quarter worth $246,000. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Up 1.5 %

SHG stock opened at $32.57 on Wednesday. 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 has a 50 day moving average of $33.36 and a 200 day moving average of $36.61. Shinhan Financial Group Co., Ltd. has a 52 week low of $29.25 and a 52 week high of $46.05. The stock has a market capitalization of $16.39 billion, a PE ratio of 5.11, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. The business had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. Sell-side analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 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.