B. Metzler seel. Sohn & Co. Holding AG Takes Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 70,379 shares of the bank's stock, valued at approximately $2,982,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Lazard Asset Management LLC grew its stake 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 in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of 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 purchasing an additional 236,236 shares during the last quarter. American Century Companies Inc. grew its position 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 purchasing an additional 46,720 shares in the last quarter. Acadian Asset Management LLC increased its holdings 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 worth $11,106,000 after purchasing an additional 44,402 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position 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 worth $5,699,000 after buying an additional 41,992 shares in the last quarter. Institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Price Performance

Shares of Shinhan Financial Group stock opened at $39.58 on Thursday. The firm has a market cap of $20.16 billion, a PE ratio of 6.21, a PEG ratio of 0.63 and a beta of 0.93. The stock has a 50 day moving average of $41.09 and a 200 day moving average of $39.03. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a 12 month low of $27.09 and a 12 month high of $46.05.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings results on Friday, October 25th. The bank reported $1.76 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $3.11 billion during the quarter. On average, research analysts expect 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.