Orion Portfolio Solutions LLC Has $3.20 Million Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Orion Portfolio Solutions LLC lessened its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,601 shares of the bank’s stock after selling 290 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Shinhan Financial Group were worth $3,203,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Pathstone Holdings LLC boosted its holdings in shares of Shinhan Financial Group by 103.9% in the 3rd quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank’s stock valued at $3,060,000 after buying an additional 36,815 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Shinhan Financial Group by 191.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank’s stock valued at $891,000 after buying an additional 13,808 shares during the last quarter. Blue Trust Inc. lifted its holdings in Shinhan Financial Group by 90.6% during the 2nd quarter. Blue Trust Inc. now owns 24,850 shares of the bank’s stock valued at $882,000 after purchasing an additional 11,815 shares during the last quarter. Creative Planning boosted its position in Shinhan Financial Group by 21.4% during the third quarter. Creative Planning now owns 121,758 shares of the bank’s stock worth $5,159,000 after purchasing an additional 21,432 shares during the period. Finally, Marshall Wace LLP bought a new position in Shinhan Financial Group during the second quarter worth $2,332,000. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Trading Down 1.2 %

SHG stock opened at $35.25 on Wednesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. The company has a fifty day moving average price of $40.06 and a two-hundred day moving average price of $39.37. Shinhan Financial Group Co., Ltd. has a one year low of $27.09 and a one year high of $46.05. The stock has a market cap of $17.75 billion, a price-to-earnings ratio of 5.53, a price-to-earnings-growth ratio of 0.59 and a beta of 0.92.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings results on Friday, October 25th. The bank reported $1.76 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.11 billion for the quarter. Equities analysts anticipate 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.