DGS Capital Management LLC Buys 5,070 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

DGS Capital Management LLC boosted its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 20.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,538 shares of the bank’s stock after purchasing an additional 5,070 shares during the period. DGS Capital Management LLC’s holdings in Shinhan Financial Group were worth $1,252,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. FSC Wealth Advisors LLC bought a new stake in shares of Shinhan Financial Group in the third quarter worth $76,000. GAMMA Investing LLC boosted its position in Shinhan Financial Group by 45.4% in the third quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock worth $84,000 after purchasing an additional 621 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Shinhan Financial Group during the 2nd quarter valued at about $107,000. Waldron Private Wealth LLC purchased a new stake in shares of Shinhan Financial Group during the 3rd quarter valued at about $126,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Shinhan Financial Group by 34.5% in 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 during the period. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Performance

NYSE SHG traded down $0.66 during trading hours on Friday, hitting $34.74. 31,839 shares of the company’s stock traded hands, compared to its average volume of 131,720. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a 52 week low of $27.09 and a 52 week high of $46.05. The firm has a market capitalization of $17.49 billion, a P/E ratio of 5.56, a P/E/G ratio of 0.58 and a beta of 0.92. The business’s fifty day moving average price is $39.68 and its two-hundred day moving average price is $39.32.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings data on Friday, October 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating 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 during the quarter. Equities research analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current 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.