Orion Portfolio Solutions LLC Has $3.20 Million Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Orion Portfolio Solutions LLC lowered its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 0.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 75,601 shares of the bank’s stock after selling 290 shares during the period. Orion Portfolio Solutions LLC’s holdings in Shinhan Financial Group were worth $3,203,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SHG. FSC Wealth Advisors LLC acquired a new position in shares of Shinhan Financial Group during the 3rd quarter worth approximately $76,000. GAMMA Investing LLC grew its position in shares of Shinhan Financial Group by 45.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock worth $84,000 after purchasing an additional 621 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Shinhan Financial Group during the 2nd quarter worth approximately $107,000. Waldron Private Wealth LLC acquired a new position in shares of Shinhan Financial Group during the 3rd quarter worth approximately $126,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Shinhan Financial Group by 34.5% during 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 in the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

Shares of NYSE:SHG opened at $35.25 on Wednesday. The company’s 50 day moving average price is $40.06 and its two-hundred day moving average price is $39.37. Shinhan Financial Group Co., Ltd. has a 12-month low of $27.09 and a 12-month high of $46.05. The firm has a market cap of $17.75 billion, a PE ratio of 5.53, a PEG ratio of 0.59 and a beta of 0.92. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53.

Shinhan Financial Group (NYSE:SHG) last announced its earnings results on Friday, October 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.11 billion for the quarter. Equities research analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current 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.