OneDigital Investment Advisors LLC Grows Stock Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

OneDigital Investment Advisors LLC boosted its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 14.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,767 shares of the bank’s stock after buying an additional 1,366 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Shinhan Financial Group were worth $456,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FSC Wealth Advisors LLC purchased a new position in shares of Shinhan Financial Group in the third quarter valued at approximately $76,000. GAMMA Investing LLC raised its position in Shinhan Financial Group by 45.4% in 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 in the last quarter. Fifth Third Bancorp acquired a new position in shares of Shinhan Financial Group during the second quarter worth $107,000. Waldron Private Wealth LLC acquired a new stake in Shinhan Financial Group during the third quarter worth approximately $126,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Shinhan Financial Group by 34.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank’s stock worth $130,000 after buying an additional 789 shares during the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shares of SHG opened at $39.58 on Thursday. The firm has a 50-day simple moving average of $41.09 and a 200-day simple moving average of $39.03. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $27.09 and a fifty-two week high of $46.05. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $20.16 billion, a price-to-earnings ratio of 6.21, a price-to-earnings-growth ratio of 0.62 and a beta of 0.93.

Shinhan Financial Group (NYSE:SHG) last issued 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 company had revenue of $3.11 billion for the quarter. On average, equities research analysts anticipate that Shinhan Financial Group Co., Ltd. will post 6.32 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.