FSC Wealth Advisors LLC Invests $76,000 in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

FSC Wealth Advisors LLC acquired a new position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,799 shares of the bank’s stock, valued at approximately $76,000.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of Shinhan Financial Group by 2.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 19,063 shares of the bank’s stock valued at $587,000 after acquiring an additional 527 shares during the period. GAMMA Investing LLC increased its holdings in shares of Shinhan Financial Group by 68.1% in the 1st quarter. GAMMA Investing LLC now owns 1,577 shares of the bank’s stock valued at $56,000 after acquiring an additional 639 shares during the period. Atlas Capital Advisors LLC increased its holdings in shares of Shinhan Financial Group by 104.2% in the 1st quarter. Atlas Capital Advisors LLC now owns 7,258 shares of the bank’s stock valued at $258,000 after acquiring an additional 3,703 shares during the period. DGS Capital Management LLC increased its holdings in shares of Shinhan Financial Group by 8.7% in the 1st quarter. DGS Capital Management LLC now owns 22,459 shares of the bank’s stock valued at $797,000 after acquiring an additional 1,798 shares during the period. Finally, Janiczek Wealth Management LLC increased its holdings in shares of Shinhan Financial Group by 25.2% in the 1st quarter. Janiczek Wealth Management LLC now owns 2,886 shares of the bank’s stock valued at $103,000 after acquiring an additional 581 shares during the period. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

Shares of Shinhan Financial Group stock opened at $40.86 on Wednesday. The firm’s fifty day simple moving average is $42.36 and its 200-day simple moving average is $37.94. The stock has a market capitalization of $20.81 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 0.73 and a beta of 0.92. Shinhan Financial Group Co., Ltd. has a 12 month low of $25.09 and a 12 month high of $46.05. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.02 and a quick ratio of 1.02.

Shinhan Financial Group (NYSE:SHG) last announced its earnings results on Friday, July 26th. The bank reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.19. The business had revenue of $3.25 billion for the quarter. Shinhan Financial Group had a net margin of 12.23% and a return on equity of 7.16%. As a group, equities analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.22 earnings per share for the current year.

Shinhan Financial Group 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.