Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Bought by Assetmark Inc.

Assetmark Inc. grew its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 1,535.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,124 shares of the bank’s stock after purchasing an additional 21,710 shares during the period. Assetmark Inc.’s holdings in Shinhan Financial Group were worth $980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Lazard Asset Management LLC increased its stake in Shinhan Financial Group by 2.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank’s stock valued at $46,075,000 after buying an additional 34,597 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Shinhan Financial Group by 27.9% in the second quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank’s stock valued at $37,684,000 after acquiring an additional 236,236 shares in the last quarter. American Century Companies Inc. increased its stake 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 valued at $22,513,000 after acquiring an additional 46,720 shares during the period. 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 worth $11,106,000 after purchasing an additional 44,402 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in Shinhan Financial Group by 14.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 177,972 shares of the bank’s stock worth $6,316,000 after purchasing an additional 22,536 shares during the period. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Stock Performance

Shares of NYSE SHG opened at $39.65 on Friday. Shinhan Financial Group Co., Ltd. has a 1 year low of $27.09 and a 1 year high of $46.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day moving average price of $41.38 and a two-hundred day moving average price of $38.86. The firm has a market cap of $20.20 billion, a P/E ratio of 6.21, a PEG ratio of 0.64 and a beta of 0.93.

Shinhan Financial Group (NYSE:SHG) last released its earnings results on Friday, October 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. Shinhan Financial Group had a return on equity of 7.24% and a net margin of 12.21%. The firm had revenue of $3.11 billion for the quarter. Research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current fiscal 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.