Natural Investments LLC Acquires Shares of 27,126 Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Natural Investments LLC acquired a new stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 27,126 shares of the bank’s stock, valued at approximately $891,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Assetmark Inc. grew its holdings in shares of Shinhan Financial Group by 1,535.4% in the third quarter. Assetmark Inc. now owns 23,124 shares of the bank’s stock valued at $980,000 after purchasing an additional 21,710 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Shinhan Financial Group by 191.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank’s stock valued at $891,000 after purchasing an additional 13,808 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in Shinhan Financial Group by 14.5% in the third quarter. OneDigital Investment Advisors LLC now owns 10,767 shares of the bank’s stock worth $456,000 after buying an additional 1,366 shares during the last quarter. Natixis Advisors LLC lifted its position in Shinhan Financial Group by 25.6% in the third quarter. Natixis Advisors LLC now owns 108,738 shares of the bank’s stock worth $4,607,000 after buying an additional 22,162 shares during the last quarter. Finally, Drive Wealth Management LLC bought a new stake in Shinhan Financial Group in the third quarter worth $218,000. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Down 0.8 %

Shares of SHG opened at $31.05 on Wednesday. The company has a market cap of $15.63 billion, a PE ratio of 4.87, a P/E/G ratio of 0.44 and a beta of 0.89. The business has a fifty day moving average of $33.84 and a 200 day moving average of $37.67. Shinhan Financial Group Co., Ltd. has a 52-week low of $29.25 and a 52-week 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.

Shinhan Financial Group (NYSE:SHG) last released its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The business had revenue of $2.82 billion during the quarter. On average, sell-side analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current 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.