Canopy Partners LLC Takes Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Canopy Partners LLC purchased a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,140 shares of the bank’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caprock Group LLC lifted its position in shares of Shinhan Financial Group by 2.1% during the second quarter. Caprock Group LLC now owns 13,785 shares of the bank’s stock worth $480,000 after purchasing an additional 286 shares in the last quarter. Profund Advisors LLC raised its position in Shinhan Financial Group by 3.5% in the 2nd quarter. Profund Advisors LLC now owns 9,537 shares of the bank’s stock worth $332,000 after purchasing an additional 323 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Shinhan Financial Group by 6.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,224 shares of the bank’s stock worth $251,000 after buying an additional 421 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Shinhan Financial Group by 6.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank’s stock valued at $256,000 after buying an additional 445 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its position in shares of Shinhan Financial Group by 8.1% during the third quarter. Aaron Wealth Advisors LLC now owns 7,338 shares of the bank’s stock worth $311,000 after acquiring an additional 548 shares during the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shinhan Financial Group stock opened at $39.75 on Friday. The business’s 50-day simple moving average is $41.02 and its 200 day simple moving average is $39.07. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The stock has a market cap of $20.25 billion, a price-to-earnings ratio of 6.24, a P/E/G ratio of 0.64 and a beta of 0.93. Shinhan Financial Group Co., Ltd. has a 12-month low of $27.09 and a 12-month high of $46.05.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Friday, October 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.02. The company had revenue of $3.11 billion for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. As a group, research analysts anticipate 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.