Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Acquired by Creative Planning

Creative Planning boosted its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 21.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 121,758 shares of the bank’s stock after purchasing an additional 21,432 shares during the quarter. Creative Planning’s holdings in Shinhan Financial Group were worth $5,159,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its holdings in shares of Shinhan Financial Group by 2.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 19,063 shares of the bank’s stock valued at $587,000 after purchasing an additional 527 shares during the period. Janiczek Wealth Management LLC raised its stake 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 in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Shinhan Financial Group by 42.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,290 shares of the bank’s stock worth $81,000 after acquiring an additional 678 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Shinhan Financial Group by 9.6% during the first quarter. Blue Trust Inc. now owns 13,035 shares of the bank’s stock worth $463,000 after purchasing an additional 1,146 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Shinhan Financial Group during the first quarter worth $244,000. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shinhan Financial Group stock opened at $40.82 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.50. Shinhan Financial Group Co., Ltd. has a 12-month low of $25.09 and a 12-month high of $46.05. The stock has a market cap of $20.79 billion, a price-to-earnings ratio of 6.49, a P/E/G ratio of 0.72 and a beta of 0.92. The business’s 50-day simple moving average is $42.36 and its 200 day simple moving average is $37.97.

Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings results on Friday, July 26th. The bank reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.19. Shinhan Financial Group had a return on equity of 7.16% and a net margin of 12.23%. The company had revenue of $3.25 billion for the quarter. As a group, research analysts anticipate that Shinhan Financial Group Co., Ltd. will post 6.22 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.