Several institutional investors have adjusted their stakes in Shinhan Financial Group. Caprock Group LLC increased its holdings by 2.1%, now owning 13,785 shares valued at $480,000 after acquiring 286 more shares. Profund Advisors LLC raised its position by 3.5% to 9,537 shares worth $332,000. Oppenheimer Asset Management Inc. boosted its stake by 6.2%, owning 7,224 shares worth $251,000. EverSource Wealth Advisors LLC increased by 6.4% to 7,368 shares valued at $256,000. PNC Financial Services Group raised its stake by 2.8% to 19,063 shares worth $587,000. Overall, institutional investors hold 7.76% of the company’s stock.
Shinhan Financial Group Stock Slightly Decreased
On Friday, NYSE SHG shares opened at $41.51. The stock has a 12-month low of $25.09 and a high of $46.05, with a 50-day average of $42.35 and a 200-day average of $37.77. The company has a market cap of $21.14 billion, a PE ratio of 6.60, and a beta of 0.92.
Shinhan Financial Group recently reported quarterly earnings of $1.97 per share, beating estimates of $1.78. Their revenue for the quarter was $3.25 billion, with a return on equity of 7.16% and a net margin of 12.23%. Analysts predict an EPS of 6.22 for the fiscal year.
About Shinhan Financial Group
Shinhan Financial Group Co, Ltd. offers financial services in South Korea and globally across six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others, providing various retail banking services such as loans, account management, and electronic banking.
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