World Investment Advisors LLC Invests $609,000 in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

World Investment Advisors LLC bought a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) during the third quarter, HoldingsChannel.com reports. The fund bought 14,363 shares of the bank’s stock, valued at approximately $609,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SHG. Pathstone Holdings LLC raised its position in Shinhan Financial Group by 103.9% in the third quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank’s stock valued at $3,060,000 after purchasing an additional 36,815 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Shinhan Financial Group by 191.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank’s stock valued at $891,000 after buying an additional 13,808 shares in the last quarter. Creative Planning raised its holdings in shares of Shinhan Financial Group by 21.4% during the 3rd quarter. Creative Planning now owns 121,758 shares of the bank’s stock valued at $5,159,000 after buying an additional 21,432 shares during the period. BNP Paribas Financial Markets lifted its position in Shinhan Financial Group by 117.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 27,573 shares of the bank’s stock worth $1,168,000 after acquiring an additional 14,915 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Shinhan Financial Group in the 2nd quarter worth approximately $2,332,000. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Stock Down 0.9 %

Shares of NYSE:SHG opened at $34.62 on Tuesday. The company has a 50 day moving average of $39.42 and a two-hundred day moving average of $39.40. Shinhan Financial Group Co., Ltd. has a 52-week low of $27.09 and a 52-week high of $46.05. 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 company has a market capitalization of $17.43 billion, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of 0.57 and a beta of 0.92.

Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings results on Friday, October 25th. The bank reported $1.76 earnings per share 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 business had revenue of $3.11 billion during the quarter. As a group, analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.32 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.