Connor Clark & Lunn Investment Management Ltd. Has $20.63 Million Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 21.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 486,976 shares of the bank's stock after purchasing an additional 85,539 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of Shinhan Financial Group worth $20,633,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Lazard Asset Management LLC increased its holdings in shares of Shinhan Financial Group by 2.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank's stock worth $46,075,000 after acquiring an additional 34,597 shares during the last quarter. Pzena Investment Management LLC grew its stake in Shinhan Financial Group by 27.9% in the 2nd 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 last quarter. American Century Companies Inc. raised its holdings in Shinhan Financial Group by 7.8% in the 2nd quarter. American Century Companies Inc. now owns 646,749 shares of the bank's stock valued at $22,513,000 after acquiring an additional 46,720 shares during the period. Acadian Asset Management LLC increased its position in Shinhan Financial Group by 16.2% during the 2nd quarter. Acadian Asset Management LLC now owns 319,186 shares of the bank's stock worth $11,106,000 after buying an additional 44,402 shares during the period. Finally, Clearbridge Investments LLC raised 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 valued at $5,699,000 after buying an additional 41,992 shares in the last quarter. Institutional investors and hedge funds own 7.76% of the company's stock.

Shinhan Financial Group Price Performance

SHG stock traded up $0.19 during mid-day trading on Thursday, hitting $39.77. The stock had a trading volume of 2,739 shares, compared to its average volume of 128,236. Shinhan Financial Group Co., Ltd. has a 52 week low of $27.09 and a 52 week high of $46.05. The firm has a market capitalization of $20.26 billion, a P/E ratio of 6.21, a P/E/G ratio of 0.63 and a beta of 0.93. 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 firm has a fifty day simple moving average of $41.09 and a 200 day simple moving average of $39.03.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings data on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.02. The business had revenue of $3.11 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. As a group, 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.