Connor Clark & Lunn Investment Management Ltd. Grows Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 21.3% in the 3rd quarter, according to the company in 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 period. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of Shinhan Financial Group worth $20,633,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Lazard Asset Management LLC lifted its position 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 valued at $46,075,000 after buying an additional 34,597 shares during the last quarter. Sei Investments Co. increased its stake in shares of Shinhan Financial Group by 147.5% in the first quarter. Sei Investments Co. now owns 62,068 shares of the bank's stock worth $2,203,000 after purchasing an additional 36,993 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Shinhan Financial Group by 75.0% in the first quarter. Clearbridge Investments LLC now owns 121,713 shares of the bank's stock valued at $4,320,000 after purchasing an additional 52,161 shares during the period. Blue Trust Inc. lifted its stake in shares of Shinhan Financial Group by 90.6% during the 2nd quarter. Blue Trust Inc. now owns 24,850 shares of the bank's stock valued at $882,000 after buying an additional 11,815 shares in the last quarter. Finally, Creative Planning boosted its holdings in Shinhan Financial Group by 21.4% in the 3rd quarter. Creative Planning now owns 121,758 shares of the bank's stock worth $5,159,000 after buying an additional 21,432 shares during the period. Institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Stock Performance

SHG stock traded up $0.08 during midday trading on Thursday, reaching $39.66. 59,319 shares of the company's stock traded hands, compared to its average volume of 128,486. Shinhan Financial Group Co., Ltd. has a 52 week low of $27.09 and a 52 week high of $46.05. The company has a 50-day moving average price of $41.07 and a two-hundred day moving average price of $39.04. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $20.20 billion, a PE ratio of 6.23, a price-to-earnings-growth ratio of 0.63 and a beta of 0.93.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last issued its quarterly earnings data on Friday, October 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.02. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The business had revenue of $3.11 billion for the quarter. As a group, equities analysts anticipate that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current 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.