SVB Wealth LLC Buys Shares of 7,486 Shinhan Financial Group Co., Ltd. (NYSE:SHG)

SVB Wealth LLC purchased a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,486 shares of the bank’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Aaron Wealth Advisors LLC lifted its position in shares of Shinhan Financial Group by 3.9% in the fourth quarter. Aaron Wealth Advisors LLC now owns 7,627 shares of the bank’s stock worth $251,000 after buying an additional 289 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Shinhan Financial Group by 8.7% in the third quarter. Sanctuary Advisors LLC now owns 9,210 shares of the bank’s stock worth $366,000 after buying an additional 735 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Shinhan Financial Group by 2.9% in the third quarter. Hantz Financial Services Inc. now owns 26,227 shares of the bank’s stock worth $1,111,000 after buying an additional 746 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Shinhan Financial Group in the fourth quarter worth about $43,000. Finally, OneDigital Investment Advisors LLC lifted its position in shares of Shinhan Financial Group by 14.5% in the third quarter. OneDigital Investment Advisors LLC now owns 10,767 shares of the bank’s stock worth $456,000 after buying an additional 1,366 shares during the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shares of NYSE:SHG opened at $31.77 on Thursday. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $29.25 and a fifty-two week high of $46.05. The business has a 50-day moving average of $33.97 and a two-hundred day moving average of $38.06. The stock has a market capitalization of $15.99 billion, a P/E ratio of 4.99, a P/E/G ratio of 0.44 and a beta of 0.94. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04.

Shinhan Financial Group 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.