Quantinno Capital Management LP Purchases 5,934 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Quantinno Capital Management LP grew its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 24.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,174 shares of the bank’s stock after buying an additional 5,934 shares during the quarter. Quantinno Capital Management LP’s holdings in Shinhan Financial Group were worth $1,279,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. FSC Wealth Advisors LLC bought a new stake in Shinhan Financial Group in the third quarter valued at $76,000. GAMMA Investing LLC grew its holdings in shares of Shinhan Financial Group by 45.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock valued at $84,000 after purchasing an additional 621 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Shinhan Financial Group during the 2nd quarter valued at $107,000. Waldron Private Wealth LLC purchased a new stake in Shinhan Financial Group during the 3rd quarter valued at $126,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Shinhan Financial Group by 34.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank’s stock worth $130,000 after purchasing an additional 789 shares during the period. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Stock Down 1.3 %

NYSE:SHG opened at $35.40 on Friday. The firm has a market cap of $17.82 billion, a P/E ratio of 5.60, a P/E/G ratio of 0.59 and a beta of 0.92. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $27.09 and a fifty-two week high of $46.05. The firm has a 50-day simple moving average of $39.81 and a two-hundred day simple moving average of $39.35.

Shinhan Financial Group (NYSE:SHG) last released its earnings results on Friday, October 25th. The bank reported $1.76 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.11 billion for the quarter. Analysts predict 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.