Hsbc Holdings PLC Takes $234,000 Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Hsbc Holdings PLC acquired a new position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) 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 (NYSE:SHG) last posted its quarterly earnings results on Friday, July 26th. The bank reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.19. The firm had revenue of $3.25 billion during the quarter. Shinhan Financial Group had a return on equity of 7.16% and a net margin of 12.23%. On average, research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.22 EPS 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.