11,131 Shares in Shinhan Financial Group Co., Ltd. (NYSE:SHG) Purchased by Groupama Asset Managment

Groupama Asset Managment bought a new stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,131 shares of the bank’s stock, valued at approximately $472,000.

Several other large investors have also modified their holdings of the business. FSC Wealth Advisors LLC bought a new position in Shinhan Financial Group in the third quarter worth approximately $76,000. GAMMA Investing LLC raised its position in shares of Shinhan Financial Group by 45.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock worth $84,000 after acquiring an additional 621 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Shinhan Financial Group during the 2nd quarter worth $107,000. Waldron Private Wealth LLC bought a new stake in Shinhan Financial Group during the third quarter valued at about $126,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Shinhan Financial Group by 34.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank’s stock valued at $130,000 after purchasing an additional 789 shares in the last quarter. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

Shares of Shinhan Financial Group stock opened at $35.69 on Tuesday. Shinhan Financial Group Co., Ltd. has a one year low of $27.09 and a one year high of $46.05. The company has a market capitalization of $17.97 billion, a PE ratio of 5.60, a P/E/G ratio of 0.59 and a beta of 0.92. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50-day simple moving average of $40.06 and a two-hundred day simple moving average of $39.37.

Shinhan Financial Group (NYSE:SHG) last posted its earnings results on Friday, October 25th. The bank reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The company had revenue of $3.11 billion during the quarter. Research analysts expect that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current fiscal 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.