Aaron Wealth Advisors LLC Buys 289 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Aaron Wealth Advisors LLC grew its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,627 shares of the bank’s stock after acquiring an additional 289 shares during the period. Aaron Wealth Advisors LLC’s holdings in Shinhan Financial Group were worth $251,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Shinhan Financial Group by 21.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,976 shares of the bank’s stock valued at $20,633,000 after purchasing an additional 85,539 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Shinhan Financial Group during the 3rd quarter worth approximately $2,982,000. Marshall Wace LLP bought a new stake in Shinhan Financial Group during the 2nd quarter worth approximately $2,332,000. Public Employees Retirement System of Ohio acquired a new position in Shinhan Financial Group in the 3rd quarter valued at approximately $2,219,000. Finally, Clearbridge Investments LLC raised its stake in shares of Shinhan Financial Group by 34.5% during the second quarter. Clearbridge Investments LLC now owns 163,705 shares of the bank’s stock valued at $5,699,000 after acquiring an additional 41,992 shares during the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

Shares of Shinhan Financial Group stock opened at $35.47 on Wednesday. The stock has a market cap of $17.86 billion, a price-to-earnings ratio of 5.57, a P/E/G ratio of 0.50 and a beta of 0.95. Shinhan Financial Group Co., Ltd. has a twelve month low of $27.78 and a twelve month high of $46.05. The company’s fifty day moving average is $35.93 and its 200 day moving average is $39.30. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.02. The company had revenue of $3.11 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. Sell-side analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.32 EPS 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.