Pathstone Holdings LLC Grows Stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Pathstone Holdings LLC boosted its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 103.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,232 shares of the bank’s stock after buying an additional 36,815 shares during the quarter. Pathstone Holdings LLC’s holdings in Shinhan Financial Group were worth $3,060,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of Shinhan Financial Group by 7.9% in the first quarter. Russell Investments Group Ltd. now owns 10,920 shares of the bank’s stock valued at $387,000 after acquiring an additional 798 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Shinhan Financial Group by 16.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,923 shares of the bank’s stock worth $234,000 after purchasing an additional 988 shares during the last quarter. Boston Common Asset Management LLC grew its holdings in shares of Shinhan Financial Group by 25.4% during the second quarter. Boston Common Asset Management LLC now owns 27,043 shares of the bank’s stock worth $941,000 after buying an additional 5,477 shares in the last quarter. Aprio Wealth Management LLC grew its holdings in shares of Shinhan Financial Group by 10.5% during the second quarter. Aprio Wealth Management LLC now owns 11,076 shares of the bank’s stock worth $386,000 after buying an additional 1,055 shares in the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in shares of Shinhan Financial Group in the second quarter valued at about $362,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Performance

SHG opened at $39.75 on Monday. The firm has a market capitalization of $20.25 billion, a PE ratio of 6.24, a PEG ratio of 0.64 and a beta of 0.93. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a twelve month low of $27.09 and a twelve month high of $46.05. The firm’s 50-day moving average price is $41.02 and its 200 day moving average price is $39.14.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings results on Friday, October 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The business had revenue of $3.11 billion during the quarter. As a group, sell-side analysts expect that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current fiscal 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.