Dynamic Technology Lab Private Ltd Makes New $477,000 Investment in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Dynamic Technology Lab Private Ltd acquired a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,500 shares of the bank's stock, valued at approximately $477,000.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in Shinhan Financial Group by 5.7% in the fourth quarter. American Century Companies Inc. now owns 786,028 shares of the bank's stock valued at $25,845,000 after purchasing an additional 42,575 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Shinhan Financial Group by 14.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,550 shares of the bank's stock valued at $18,365,000 after buying an additional 71,574 shares during the period. Wellington Management Group LLP raised its position in shares of Shinhan Financial Group by 1.2% in the fourth quarter. Wellington Management Group LLP now owns 266,596 shares of the bank's stock worth $8,766,000 after acquiring an additional 3,144 shares during the period. Franklin Resources Inc. increased its position in shares of Shinhan Financial Group by 66.1% in the fourth quarter. Franklin Resources Inc. now owns 138,774 shares of the bank's stock valued at $4,563,000 after buying an additional 55,250 shares in the last quarter. Finally, NewEdge Wealth LLC grew its holdings in shares of Shinhan Financial Group by 6.5% during the fourth quarter. NewEdge Wealth LLC now owns 104,657 shares of the bank's stock worth $3,441,000 after buying an additional 6,369 shares in the last quarter. Institutional investors and hedge funds own 7.76% of the company's stock.

Shinhan Financial Group Trading Up 0.3 %

Shinhan Financial Group stock traded up $0.09 during midday trading on Monday, hitting $32.55. 31,127 shares of the stock were exchanged, compared to its average volume of 169,433. The stock's 50-day simple moving average is $32.55 and its 200 day simple moving average is $35.85. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $28.76 and a fifty-two week high of $46.05. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $16.39 billion, a price-to-earnings ratio of 5.11, a PEG ratio of 0.44 and a beta of 0.85.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The company had revenue of $2.82 billion for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. On average, equities analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current 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.