NewEdge Wealth LLC Acquires 6,369 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

NewEdge Wealth LLC increased its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 6.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 104,657 shares of the bank’s stock after purchasing an additional 6,369 shares during the period. NewEdge Wealth LLC’s holdings in Shinhan Financial Group were worth $3,441,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SHG. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Shinhan Financial Group by 21.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,976 shares of the bank’s stock valued at $20,633,000 after purchasing an additional 85,539 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Shinhan Financial Group in the 3rd quarter valued at $2,982,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Shinhan Financial Group in the 3rd quarter valued at $2,219,000. Yousif Capital Management LLC boosted its stake in shares of Shinhan Financial Group by 514.6% in the 4th quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank’s stock valued at $1,551,000 after purchasing an additional 39,500 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its stake in shares of Shinhan Financial Group by 103.9% in the 3rd quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank’s stock valued at $3,060,000 after purchasing an additional 36,815 shares in the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shares of Shinhan Financial Group stock opened at $31.92 on Friday. Shinhan Financial Group Co., Ltd. has a 52-week low of $29.25 and a 52-week high of $46.05. The stock has a market capitalization of $16.07 billion, a price-to-earnings ratio of 5.01, a price-to-earnings-growth ratio of 0.44 and a beta of 0.94. The company has a fifty day moving average of $34.12 and a 200-day moving average of $38.28. 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 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.