Shinhan Financial Group Co., Ltd. (NYSE:SHG) Position Increased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 6.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,224 shares of the bank’s stock after acquiring an additional 421 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Shinhan Financial Group were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Shinhan Financial Group by 7.8% during the second quarter. American Century Companies Inc. now owns 646,749 shares of the bank’s stock worth $22,513,000 after acquiring an additional 46,720 shares in the last quarter. Caprock Group LLC raised its holdings in Shinhan Financial Group by 2.1% during the second quarter. Caprock Group LLC now owns 13,785 shares of the bank’s stock valued at $480,000 after buying an additional 286 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Shinhan Financial Group by 16.2% during the second quarter. Acadian Asset Management LLC now owns 319,186 shares of the bank’s stock valued at $11,106,000 after buying an additional 44,402 shares in the last quarter. Pzena Investment Management LLC raised its holdings in Shinhan Financial Group by 27.9% during the second quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank’s stock valued at $37,684,000 after buying an additional 236,236 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in Shinhan Financial Group by 2.4% during the second quarter. Natixis Advisors LLC now owns 86,576 shares of the bank’s stock valued at $3,014,000 after buying an additional 2,070 shares in the last quarter. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Shinhan Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th.

Shinhan Financial Group Trading Down 3.5 %

Shares of NYSE:SHG opened at $41.89 on Friday. Shinhan Financial Group Co., Ltd. has a 52-week low of $25.09 and a 52-week high of $46.05. The company has a market cap of $21.34 billion, a P/E ratio of 6.90, a P/E/G ratio of 0.75 and a beta of 0.92. The stock’s 50-day moving average is $41.46 and its 200-day moving average is $36.93. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.02 and a current ratio of 1.02.

Shinhan Financial Group (NYSE:SHG) last released its earnings results on Friday, July 26th. The bank reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.19. Shinhan Financial Group had a return on equity of 7.16% and a net margin of 12.23%. The business had revenue of $3.25 billion for the quarter. Equities research analysts predict that Shinhan Financial Group Co., Ltd. will post 6.22 earnings per share for the current year.

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.