Blue Trust Inc. Has $2.31 Million Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Blue Trust Inc. boosted its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 119.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,496 shares of the bank’s stock after buying an additional 29,646 shares during the quarter. Blue Trust Inc.’s holdings in Shinhan Financial Group were worth $2,309,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SHG. GAMMA Investing LLC boosted its stake in shares of Shinhan Financial Group by 68.1% in the 1st quarter. GAMMA Investing LLC now owns 1,577 shares of the bank’s stock valued at $56,000 after purchasing an additional 639 shares in the last quarter. SageView Advisory Group LLC bought a new stake in Shinhan Financial Group during the first quarter worth about $61,000. Allspring Global Investments Holdings LLC increased its holdings 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 buying an additional 678 shares in the last quarter. Janiczek Wealth Management LLC raised its stake in shares of 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 acquiring an additional 581 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of Shinhan Financial Group in the 2nd quarter worth approximately $107,000. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Stock Down 0.1 %

NYSE SHG opened at $41.51 on Friday. The stock’s 50 day simple moving average is $42.35 and its 200 day simple moving average is $37.80. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.02 and a quick ratio of 1.02. Shinhan Financial Group Co., Ltd. has a one year low of $25.09 and a one year high of $46.05. The firm has a market cap of $21.14 billion, a PE ratio of 6.84, a price-to-earnings-growth ratio of 0.76 and a beta of 0.92.

Shinhan Financial Group (NYSE:SHG) last announced its earnings results on Friday, July 26th. The bank reported $1.97 EPS for the quarter, topping the consensus estimate of $1.78 by $0.19. Shinhan Financial Group had a return on equity of 7.16% and a net margin of 12.23%. The company had revenue of $3.25 billion for the quarter. As a group, sell-side analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.22 earnings per share for the current fiscal year.

Shinhan Financial Group Company 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.