Canopy Partners LLC Invests $218,000 in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Canopy Partners LLC acquired a new position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) during the 3rd quarter, Holdings Channel reports. The fund acquired 5,140 shares of the bank’s stock, valued at approximately $218,000.

Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. boosted its position in shares of Shinhan Financial Group by 147.5% during the first quarter. Sei Investments Co. now owns 62,068 shares of the bank’s stock worth $2,203,000 after purchasing an additional 36,993 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Shinhan Financial Group by 7.9% in the first quarter. Russell Investments Group Ltd. now owns 10,920 shares of the bank’s stock worth $387,000 after acquiring an additional 798 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Shinhan Financial Group by 2.7% during the first quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank’s stock worth $46,075,000 after purchasing an additional 34,597 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Shinhan Financial Group by 16.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,923 shares of the bank’s stock valued at $234,000 after purchasing an additional 988 shares in the last quarter. Finally, Boston Common Asset Management LLC raised its holdings in Shinhan Financial Group by 25.4% during the 2nd quarter. Boston Common Asset Management LLC now owns 27,043 shares of the bank’s stock worth $941,000 after buying an additional 5,477 shares during the period. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Trading Up 0.2 %

SHG opened at $39.75 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $20.25 billion, a P/E 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. The firm’s fifty day simple moving average is $41.02 and its 200 day simple moving average is $39.07.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $3.11 billion during the quarter. As a group, research analysts anticipate that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current fiscal 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.