Sanctuary Advisors LLC Boosts Stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Sanctuary Advisors LLC lifted its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 8.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,210 shares of the bank’s stock after acquiring an additional 735 shares during the quarter. Sanctuary Advisors LLC’s holdings in Shinhan Financial Group were worth $366,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SHG. FSC Wealth Advisors LLC acquired a new position in shares of Shinhan Financial Group during the 3rd quarter worth about $76,000. GAMMA Investing LLC raised its position in shares of Shinhan Financial Group by 45.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock worth $84,000 after purchasing an additional 621 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of Shinhan Financial Group during the 3rd quarter worth about $126,000. Allspring Global Investments Holdings LLC raised its position in shares of Shinhan Financial Group by 34.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank’s stock worth $130,000 after purchasing an additional 789 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Shinhan Financial Group during the 3rd quarter worth about $202,000. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Stock Down 1.4 %

SHG opened at $33.18 on Friday. Shinhan Financial Group Co., Ltd. has a twelve month low of $27.09 and a twelve month high of $46.05. 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 company has a 50-day moving average price of $37.97 and a 200 day moving average price of $39.33. The company has a market cap of $16.70 billion, a PE ratio of 5.21, a price-to-earnings-growth ratio of 0.57 and a beta of 0.92.

Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings data on Friday, October 25th. The bank reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. The company had revenue of $3.11 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 expect that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current fiscal year.

Shinhan Financial Group Company 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.