Shinhan Financial Group Co., Ltd. (NYSE:SHG) Short Interest Update

Shinhan Financial Group Co., Ltd. (NYSE:SHGGet Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 804,100 shares, an increase of 72.7% from the December 15th total of 465,500 shares. Based on an average trading volume of 169,800 shares, the days-to-cover ratio is currently 4.7 days. Currently, 0.2% of the company’s shares are sold short.

Shinhan Financial Group Trading Up 2.6 %

Shares of NYSE SHG traded up $0.89 during mid-day trading on Wednesday, hitting $35.30. The stock had a trading volume of 114,105 shares, compared to its average volume of 170,434. Shinhan Financial Group has a 1 year low of $27.09 and a 1 year high of $46.05. The firm has a market cap of $17.77 billion, a P/E ratio of 5.54, a price-to-earnings-growth ratio of 0.57 and a beta of 0.95. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The business has a 50 day moving average price of $36.39 and a two-hundred day moving average price of $39.34.

Shinhan Financial Group (NYSE:SHGGet Free Report) last released its earnings results on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. The firm 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%. On average, equities analysts anticipate that Shinhan Financial Group will post 6.32 EPS for the current fiscal year.

Institutional Trading of Shinhan Financial Group

A number of hedge funds have recently bought and sold shares of SHG. Aaron Wealth Advisors LLC lifted its stake in shares of Shinhan Financial Group by 3.9% during the 4th quarter. Aaron Wealth Advisors LLC now owns 7,627 shares of the bank’s stock valued at $251,000 after buying an additional 289 shares in the last quarter. Aprio Wealth Management LLC grew its holdings in shares of Shinhan Financial Group by 13.2% in the fourth quarter. Aprio Wealth Management LLC now owns 12,576 shares of the bank’s stock worth $413,000 after purchasing an additional 1,464 shares during the last quarter. DGS Capital Management LLC increased its holdings in Shinhan Financial Group by 20.7% during the 3rd quarter. DGS Capital Management LLC now owns 29,538 shares of the bank’s stock worth $1,252,000 after purchasing an additional 5,070 shares during the period. Franklin Resources Inc. raised its holdings in shares of Shinhan Financial Group by 4.4% in the 3rd quarter. Franklin Resources Inc. now owns 83,524 shares of the bank’s stock valued at $3,608,000 after purchasing an additional 3,550 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in shares of Shinhan Financial Group during the third quarter valued at about $609,000. Hedge funds and other institutional investors own 7.76% of the company’s stock.

About Shinhan Financial Group

(Get Free Report)

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.

Read More

Receive News & Ratings for Shinhan Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shinhan Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.