Natixis Advisors LLC Purchases 22,162 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Natixis Advisors LLC raised its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 25.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,738 shares of the bank’s stock after acquiring an additional 22,162 shares during the period. Natixis Advisors LLC’s holdings in Shinhan Financial Group were worth $4,607,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its holdings in Shinhan Financial Group by 2.7% during the first quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank’s stock valued at $46,075,000 after acquiring an additional 34,597 shares during the period. Pzena Investment Management LLC lifted its stake 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 buying an additional 236,236 shares during the period. American Century Companies Inc. lifted its stake in shares of Shinhan Financial Group by 7.8% in the second quarter. American Century Companies Inc. now owns 646,749 shares of the bank’s stock valued at $22,513,000 after buying an additional 46,720 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Shinhan Financial Group by 16.2% in 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 during the period. Finally, Clearbridge Investments LLC lifted its stake in shares of Shinhan Financial Group by 34.5% in the second quarter. Clearbridge Investments LLC now owns 163,705 shares of the bank’s stock valued at $5,699,000 after buying an additional 41,992 shares during the period. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Stock Up 0.2 %

NYSE SHG opened at $39.75 on Friday. 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 firm has a 50-day simple moving average of $41.02 and a 200 day simple moving average of $39.07. Shinhan Financial Group Co., Ltd. has a twelve month low of $27.09 and a twelve month high of $46.05. The stock has a market cap of $20.25 billion, a PE ratio of 6.24, a PEG ratio of 0.63 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 for the quarter, beating the consensus estimate 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 during the quarter. On average, research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.32 EPS 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.