Connor Clark & Lunn Investment Management Ltd. Has $18.37 Million Stock 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 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 558,550 shares of the bank's stock after purchasing an additional 71,574 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of Shinhan Financial Group worth $18,365,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SHG. Sierra Ocean LLC acquired a new stake in shares of Shinhan Financial Group during the 4th quarter worth $43,000. R Squared Ltd acquired a new stake in shares of Shinhan Financial Group during the 4th quarter worth $76,000. Verition Fund Management LLC acquired a new stake in shares of Shinhan Financial Group during the 3rd quarter worth $202,000. M&T Bank Corp grew its holdings in shares of Shinhan Financial Group by 11.7% during the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank's stock worth $205,000 after purchasing an additional 655 shares in the last quarter. Finally, Canopy Partners LLC bought a new stake in shares of Shinhan Financial Group during the 3rd quarter worth $218,000. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Price Performance

Shares of SHG stock opened at $31.63 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a twelve month low of $29.25 and a twelve month high of $46.05. The company has a market cap of $15.92 billion, a P/E ratio of 4.97, a P/E/G ratio of 0.44 and a beta of 0.89. The business has a fifty day simple moving average of $33.79 and a 200 day simple moving average of $37.59.

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Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The business had revenue of $2.82 billion during the quarter. On average, sell-side analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 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.

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