Sierra Ocean LLC Acquires New Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Sierra Ocean LLC bought a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,314 shares of the bank’s stock, valued at approximately $43,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHG. FSC Wealth Advisors LLC bought a new position in Shinhan Financial Group in the 3rd quarter worth about $76,000. R Squared Ltd bought a new position in Shinhan Financial Group in the 4th quarter worth about $76,000. Waldron Private Wealth LLC bought a new position in Shinhan Financial Group in the 3rd quarter worth about $126,000. Allspring Global Investments Holdings LLC grew its position in Shinhan Financial Group by 34.5% in 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 bought a new position in Shinhan Financial Group in the 3rd quarter worth about $202,000. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

NYSE SHG opened at $33.84 on Tuesday. The company has a 50-day moving average price of $34.38 and a two-hundred day moving average price of $38.73. The stock has a market cap of $17.04 billion, a price-to-earnings ratio of 5.31, a price-to-earnings-growth ratio of 0.50 and a beta of 0.94. 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 current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53.

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.