Several hedge funds have adjusted their investments in Shinhan Financial Group. For example:
- Caprock Group LLC increased its holdings by 2.1%, now owning 13,785 shares worth $480,000 after buying 286 additional shares.
- Profund Advisors LLC raised its stake by 3.5%, owning 9,537 shares valued at $332,000 after a 323-share purchase.
- Oppenheimer Asset Management Inc. boosted its shares by 6.2%, now holding 7,224 shares worth $251,000 after acquiring 421 shares.
- EverSource Wealth Advisors LLC increased its ownership by 6.4%, with 7,368 shares valued at $256,000 after purchasing 445 shares.
- PNC Financial Services Group Inc. raised its stake by 2.8% in the fourth quarter, owning 19,063 shares worth $587,000 after buying 527 shares.
Overall, institutional investors own 7.76% of the company.
Shinhan Financial Group Stock Update
Shares of NYSE SHG opened at $41.51. The stock has ranged from a low of $25.09 to a high of $46.05 in the past year. Current market cap is $21.14 billion, with a PE ratio of 6.60.
Shinhan Financial recently reported earnings of $1.97 per share for the quarter, exceeding estimates of $1.78. Revenue for the quarter was $3.25 billion.
About Shinhan Financial Group
Shinhan Financial Group Co., Ltd. offers various financial services in South Korea and globally, including banking, credit card services, insurance, and more.
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