Shinhan Financial Group Co., Ltd. (NYSE:SHG) Stock Position Boosted by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 25.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 108,738 shares of the bank's stock after acquiring an additional 22,162 shares during the period. Natixis Advisors LLC's holdings in Shinhan Financial Group were worth $4,607,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pzena Investment Management LLC grew its position in Shinhan Financial Group by 27.9% in the second quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank's stock valued at $37,684,000 after acquiring an additional 236,236 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Shinhan Financial Group during the second quarter worth about $2,332,000. Summit Global Investments lifted its stake in shares of Shinhan Financial Group by 79.3% in the second quarter. Summit Global Investments now owns 121,081 shares of the bank's stock worth $4,215,000 after acquiring an additional 53,545 shares in the last quarter. American Century Companies Inc. boosted its holdings in Shinhan Financial Group by 7.8% in the second quarter. American Century Companies Inc. now owns 646,749 shares of the bank's stock valued at $22,513,000 after purchasing an additional 46,720 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings 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 purchasing an additional 44,402 shares during the last quarter. Hedge funds and other institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Stock Up 0.2 %

SHG stock traded up $0.09 during mid-day trading on Friday, hitting $39.75. 84,799 shares of the company were exchanged, compared to its average volume of 140,133. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a twelve month low of $27.09 and a twelve month high of $46.05. The firm has a fifty day simple moving average of $41.02 and a 200 day simple moving average of $39.07. The company has a market capitalization of $20.25 billion, a PE ratio of 6.24, a price-to-earnings-growth ratio of 0.64 and a beta of 0.93.

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