R Squared Ltd Invests $76,000 in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

R Squared Ltd purchased a new position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,320 shares of the bank’s stock, valued at approximately $76,000.

Other large investors have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC grew its position in Shinhan Financial Group by 103.9% in the third quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank’s stock valued at $3,060,000 after acquiring an additional 36,815 shares in the last quarter. Stifel Financial Corp increased its stake in Shinhan Financial Group by 121.8% during the 3rd quarter. Stifel Financial Corp now owns 27,782 shares of the bank’s stock worth $1,177,000 after buying an additional 15,256 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Shinhan Financial Group by 191.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank’s stock worth $891,000 after buying an additional 13,808 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Shinhan Financial Group by 8.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,210 shares of the bank’s stock valued at $366,000 after buying an additional 735 shares during the last quarter. Finally, Creative Planning grew its stake in shares of Shinhan Financial Group by 21.4% during the third quarter. Creative Planning now owns 121,758 shares of the bank’s stock valued at $5,159,000 after acquiring an additional 21,432 shares in the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Trading Down 1.2 %

Shares of SHG opened at $35.07 on Friday. Shinhan Financial Group Co., Ltd. has a one year low of $29.25 and a one year high of $46.05. The stock has a 50-day moving average price of $35.33 and a 200 day moving average price of $39.15. 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 $17.66 billion, a P/E ratio of 5.51, a P/E/G ratio of 0.51 and a beta of 0.95.

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.