Groupama Asset Managment lifted its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 72.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,202 shares of the bank's stock after acquiring an additional 8,071 shares during the quarter. Groupama Asset Managment's holdings in Shinhan Financial Group were worth $631,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Sierra Ocean LLC purchased a new position in Shinhan Financial Group during the 4th quarter valued at about $43,000. R Squared Ltd acquired a new stake in shares of Shinhan Financial Group in the fourth quarter valued at approximately $76,000. Verition Fund Management LLC purchased a new position in shares of Shinhan Financial Group during the 3rd quarter worth approximately $202,000. M&T Bank Corp raised its position 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 during the last quarter. Finally, Glenmede Trust Co. NA purchased a new stake in Shinhan Financial Group in the 3rd quarter valued at approximately $237,000. Institutional investors and hedge funds own 7.76% of the company's stock.
Shinhan Financial Group Price Performance
Shinhan Financial Group stock traded down $1.14 during mid-day trading on Friday, hitting $30.83. 365,279 shares of the company were exchanged, compared to its average volume of 168,054. Shinhan Financial Group Co., Ltd. has a 12-month low of $29.25 and a 12-month high of $46.05. The company has a market capitalization of $15.52 billion, a P/E ratio of 4.84, a PEG ratio of 0.44 and a beta of 0.89. The business's 50 day simple moving average is $33.17 and its two-hundred day simple moving average is $36.47. 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 (NYSE:SHG - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. The firm had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. Analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current fiscal year.
About Shinhan Financial Group
(
Free Report)
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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