Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 81,423 shares of the bank’s stock after buying an additional 5,822 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Shinhan Financial Group were worth $2,677,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Cerity Partners LLC grew its stake in Shinhan Financial Group by 41.4% during the 3rd quarter. Cerity Partners LLC now owns 25,029 shares of the bank’s stock worth $1,060,000 after buying an additional 7,327 shares during the last quarter. FMR LLC increased its holdings in shares of Shinhan Financial Group by 83.4% in the 3rd quarter. FMR LLC now owns 45,167 shares of the bank’s stock worth $1,914,000 after acquiring an additional 20,534 shares during the period. BNP Paribas Financial Markets lifted its position in Shinhan Financial Group by 117.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 27,573 shares of the bank’s stock valued at $1,168,000 after purchasing an additional 14,915 shares during the last quarter. Townsquare Capital LLC acquired a new position in Shinhan Financial Group during the 3rd quarter valued at about $286,000. Finally, Glenmede Trust Co. NA bought a new position in Shinhan Financial Group in the 3rd quarter worth about $237,000. 7.76% of the stock is owned by institutional investors.

Shinhan Financial Group Stock Performance

SHG opened at $32.09 on Tuesday. 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 business’s 50 day moving average is $33.42 and its 200-day moving average is $36.68. The stock has a market cap of $16.15 billion, a PE ratio of 5.04, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. Shinhan Financial Group Co., Ltd. has a twelve month low of $29.25 and a twelve month high of $46.05.

Shinhan Financial Group (NYSE:SHG) last announced its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The firm had revenue of $2.82 billion for the quarter. On average, analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current year.

About Shinhan Financial Group

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.