Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Acquired by Fmr LLC

Fmr LLC lifted its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 83.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 45,167 shares of the bank’s stock after purchasing an additional 20,534 shares during the period. Fmr LLC’s holdings in Shinhan Financial Group were worth $1,914,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pzena Investment Management LLC boosted its position in Shinhan Financial Group by 27.9% during the 2nd quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank’s stock worth $37,684,000 after purchasing an additional 236,236 shares during the period. American Century Companies Inc. boosted its position in Shinhan Financial Group by 7.8% during the 2nd quarter. American Century Companies Inc. now owns 646,749 shares of the bank’s stock worth $22,513,000 after purchasing an additional 46,720 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Shinhan Financial Group by 21.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,976 shares of the bank’s stock worth $20,633,000 after purchasing an additional 85,539 shares during the period. Acadian Asset Management LLC boosted its position in Shinhan Financial Group by 16.2% in the 2nd 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 last quarter. Finally, Clearbridge Investments LLC boosted its position in Shinhan Financial Group by 34.5% in the 2nd 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 last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Performance

NYSE:SHG opened at $34.93 on Monday. 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 firm has a 50-day moving average of $39.55 and a two-hundred day moving average of $39.40. The stock has a market cap of $17.59 billion, a P/E ratio of 5.48, a PEG ratio of 0.57 and a beta of 0.92. Shinhan Financial Group Co., Ltd. has a 1-year low of $27.09 and a 1-year high of $46.05.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings data on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. The company had revenue of $3.11 billion during the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. On average, research analysts expect that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current fiscal year.

Shinhan Financial Group Company 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.