Groupama Asset Managment Buys 8,071 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Groupama Asset Managment increased its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 72.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,202 shares of the bank's stock after purchasing an additional 8,071 shares during the period. Groupama Asset Managment's holdings in Shinhan Financial Group were worth $631,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SHG. Cerity Partners LLC raised its position in shares of Shinhan Financial Group by 41.4% during the 3rd quarter. Cerity Partners LLC now owns 25,029 shares of the bank's stock valued at $1,060,000 after buying an additional 7,327 shares in the last quarter. FMR LLC increased its position in shares of Shinhan Financial Group by 83.4% during the 3rd quarter. FMR LLC now owns 45,167 shares of the bank's stock valued at $1,914,000 after purchasing an additional 20,534 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Shinhan Financial Group by 117.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 27,573 shares of the bank's stock valued at $1,168,000 after buying an additional 14,915 shares during the period. Townsquare Capital LLC bought a new stake in Shinhan Financial Group in the third quarter worth $286,000. Finally, Glenmede Trust Co. NA purchased a new position in Shinhan Financial Group during the third quarter worth $237,000. Hedge funds and other institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Trading Down 0.2 %

Shares of SHG traded down $0.07 during midday trading on Monday, hitting $30.78. The stock had a trading volume of 146,899 shares, compared to its average volume of 168,265. The stock's 50 day moving average is $33.17 and its 200 day moving average is $36.38. The firm has a market cap of $15.50 billion, a PE ratio of 4.81, a price-to-earnings-growth ratio of 0.44 and a beta of 0.85. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. Shinhan Financial Group Co., Ltd. has a 1 year low of $29.25 and a 1 year high of $46.05.

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 (EPS) for the quarter. The business had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. As a group, analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal 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.