Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,423 shares of the bank’s stock after acquiring an additional 5,822 shares during the period. Orion Portfolio Solutions LLC’s holdings in Shinhan Financial Group were worth $2,677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SHG. Sierra Ocean LLC purchased a new stake in Shinhan Financial Group during the 4th quarter worth approximately $43,000. R Squared Ltd acquired a new stake in Shinhan Financial Group in the fourth quarter valued at $76,000. Verition Fund Management LLC acquired a new stake in Shinhan Financial Group in the third quarter valued at $202,000. M&T Bank Corp grew its holdings in Shinhan Financial Group by 11.7% during the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank’s stock worth $205,000 after acquiring an additional 655 shares in the last quarter. Finally, Glenmede Trust Co. NA bought a new stake in shares of Shinhan Financial Group in the 3rd quarter worth about $237,000. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Performance

Shares of SHG stock opened at $32.09 on Tuesday. The stock has a market capitalization of $16.15 billion, a price-to-earnings ratio of 5.04, a PEG ratio of 0.44 and a beta of 0.89. Shinhan Financial Group Co., Ltd. has a one year low of $29.25 and a one year high of $46.05. The company’s 50-day simple moving average is $33.42 and its 200-day simple moving average is $36.68. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. The company had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. Equities analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 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.