4,771 Shares in Shinhan Financial Group Co., Ltd. (NYSE:SHG) Acquired by Verition Fund Management LLC

Verition Fund Management LLC bought a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) in the third quarter, according to its most recent filing with the SEC. The firm bought 4,771 shares of the bank’s stock, valued at approximately $202,000.

Other institutional investors also recently bought and sold shares of the company. Pzena Investment Management LLC lifted its stake 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 valued at $37,684,000 after acquiring an additional 236,236 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of 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 valued at $20,633,000 after purchasing an additional 85,539 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Shinhan Financial Group during the 3rd quarter valued at approximately $2,982,000. Marshall Wace LLP purchased a new position in shares of Shinhan Financial Group during the 2nd quarter valued at approximately $2,332,000. Finally, American Century Companies Inc. increased its holdings in shares of Shinhan Financial Group by 7.8% during the 2nd quarter. American Century Companies Inc. now owns 646,749 shares of the bank’s stock valued at $22,513,000 after purchasing an additional 46,720 shares in the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Price Performance

Shares of NYSE SHG opened at $34.62 on Tuesday. The firm has a market cap of $17.43 billion, a PE ratio of 5.43, a PEG ratio of 0.57 and a beta of 0.92. The firm has a fifty day moving average of $39.42 and a 200 day moving average of $39.40. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. Shinhan Financial Group Co., Ltd. has a one year low of $27.09 and a one year high of $46.05.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Friday, October 25th. The bank reported $1.76 EPS for the quarter, topping the consensus estimate 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%. As a group, research analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current fiscal 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.