Shinhan Financial Group (NYSE:SHG) Issues Earnings Results

Shinhan Financial Group (NYSE:SHG) issued its earnings results on Friday. The bank reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.02, reports. The company had revenue of $3.11 billion during the quarter. Shinhan Financial Group had a return on equity of 7.16% and a net margin of 12.23%.

Shinhan Financial Group Stock Up 1.2 %

Shares of NYSE SHG opened at $41.32 on Friday. Shinhan Financial Group has a 52-week low of $25.09 and a 52-week high of $46.05. The business’s 50 day moving average is $42.35 and its two-hundred day moving average is $38.08. The firm has a market cap of $21.05 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.72 and a beta of 0.92. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. SageView Advisory Group LLC acquired a new position in Shinhan Financial Group during the 1st quarter worth approximately $61,000. FSC Wealth Advisors LLC purchased a new stake in shares of Shinhan Financial Group during the 3rd quarter worth $76,000. Allspring Global Investments Holdings LLC grew its stake in shares of Shinhan Financial Group by 42.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,290 shares of the bank’s stock worth $81,000 after purchasing an additional 678 shares in the last quarter. GAMMA Investing LLC increased its holdings in Shinhan Financial Group by 45.4% in the third quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock valued at $84,000 after buying an additional 621 shares during the last quarter. Finally, Janiczek Wealth Management LLC raised its stake in Shinhan Financial Group by 25.2% in the first quarter. Janiczek Wealth Management LLC now owns 2,886 shares of the bank’s stock valued at $103,000 after buying an additional 581 shares in the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

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.