Blue Trust Inc. Has $2.40 Million Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Blue Trust Inc. boosted its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 33.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,898 shares of the bank’s stock after purchasing an additional 18,402 shares during the period. Blue Trust Inc.’s holdings in Shinhan Financial Group were worth $2,397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FSC Wealth Advisors LLC bought a new position in shares of Shinhan Financial Group in the third quarter valued at approximately $76,000. GAMMA Investing LLC increased its holdings in Shinhan Financial Group by 45.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock valued at $84,000 after purchasing an additional 621 shares in the last quarter. Waldron Private Wealth LLC bought a new position in Shinhan Financial Group in the 3rd quarter valued at $126,000. Allspring Global Investments Holdings LLC boosted its stake in Shinhan Financial Group by 34.5% in the third 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 in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Shinhan Financial Group during the third quarter worth $202,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Performance

Shares of NYSE:SHG opened at $35.18 on Tuesday. The business has a fifty day moving average of $35.62 and a 200-day moving average of $39.23. The firm has a market cap of $17.71 billion, a PE ratio of 5.52, a price-to-earnings-growth ratio of 0.51 and a beta of 0.95. 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 Co., Ltd. has a twelve month low of $29.25 and a twelve month high of $46.05.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings data on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.11 billion during the quarter. On average, equities research analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 EPS 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.