Hsbc Holdings PLC acquired a new position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,711 shares of the bank’s stock, valued at approximately $234,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Caprock Group LLC raised its position in shares of Shinhan Financial Group by 2.1% in the second quarter. Caprock Group LLC now owns 13,785 shares of the bank’s stock valued at $480,000 after buying an additional 286 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Shinhan Financial Group by 6.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,224 shares of the bank’s stock valued at $251,000 after acquiring an additional 421 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake 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 worth $587,000 after purchasing an additional 527 shares during the period. Signaturefd LLC boosted its holdings in shares of Shinhan Financial Group by 1.5% during the first quarter. Signaturefd LLC now owns 36,655 shares of the bank’s stock worth $1,301,000 after purchasing an additional 545 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its position in shares of Shinhan Financial Group by 25.2% in the first quarter. Janiczek Wealth Management LLC now owns 2,886 shares of the bank’s stock valued at $103,000 after purchasing an additional 581 shares during the period. Institutional investors and hedge funds own 7.76% of the company’s stock.
Shinhan Financial Group Stock Down 0.7 %
Shares of NYSE:SHG opened at $41.35 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.50. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 6.81, a PEG ratio of 0.77 and a beta of 0.92. The stock’s 50-day moving average price is $42.18 and its two-hundred day moving average price is $37.38. Shinhan Financial Group Co., Ltd. has a 12-month low of $25.09 and a 12-month high of $46.05.
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.
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