Shinhan Financial Group (NYSE:SHG – Get Free Report) announced its quarterly earnings results on Friday. The bank reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.06), Zacks reports. Shinhan Financial Group had a net margin of 19.89% and a return on equity of 10.87%. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $2.84 billion.
Shinhan Financial Group Stock Performance
Shinhan Financial Group stock opened at $64.21 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.00 and a quick ratio of 1.00. Shinhan Financial Group has a 1-year low of $37.13 and a 1-year high of $73.40. The firm has a market capitalization of $30.48 billion, a P/E ratio of 6.97, a price-to-earnings-growth ratio of 0.50 and a beta of 0.97. The company’s 50-day moving average is $64.18 and its 200 day moving average is $59.70.
Institutional Trading of Shinhan Financial Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its position in Shinhan Financial Group by 71.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 481 shares of the bank’s stock worth $26,000 after purchasing an additional 200 shares during the period. Kestra Advisory Services LLC purchased a new stake in Shinhan Financial Group in the 4th quarter worth about $38,000. Caitong International Asset Management Co. Ltd raised its position in Shinhan Financial Group by 6,238.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 824 shares of the bank’s stock worth $44,000 after purchasing an additional 811 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Shinhan Financial Group by 1,465.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 908 shares of the bank’s stock worth $41,000 after purchasing an additional 850 shares during the period. Finally, Van ECK Associates Corp purchased a new stake in Shinhan Financial Group in the 4th quarter worth about $56,000. 7.76% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Read Our Latest Research Report on Shinhan Financial Group
About Shinhan Financial Group
Shinhan Financial Group is a South Korea–based financial holding company headquartered in Seoul. Established in 2001 as a banking and financial services group, it brings together a range of financial subsidiaries operating under the Shinhan brand, including commercial banking, card services, life insurance, securities and asset management businesses. The group serves both retail and corporate clients and is one of the leading diversified financial institutions in Korea.
The company’s principal activities span retail and corporate banking, credit card issuance and payment services, life insurance and related protection products, brokerage and investment banking, and asset and wealth management.
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