Creative Planning Has $5.16 Million Stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Creative Planning lifted its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 21.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,758 shares of the bank's stock after acquiring an additional 21,432 shares during the period. Creative Planning's holdings in Shinhan Financial Group were worth $5,159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC raised its stake in Shinhan Financial Group by 43.6% during the first quarter. Orion Portfolio Solutions LLC now owns 78,315 shares of the bank's stock worth $2,779,000 after acquiring an additional 23,780 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Shinhan Financial Group by 2.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank's stock valued at $46,075,000 after purchasing an additional 34,597 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Shinhan Financial Group by 14.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 177,972 shares of the bank's stock valued at $6,316,000 after buying an additional 22,536 shares in the last quarter. Sei Investments Co. grew its stake in shares of Shinhan Financial Group by 147.5% during the first quarter. Sei Investments Co. now owns 62,068 shares of the bank's stock worth $2,203,000 after buying an additional 36,993 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Shinhan Financial Group by 156.0% during the first quarter. Acadian Asset Management LLC now owns 274,784 shares of the bank's stock worth $9,749,000 after buying an additional 167,434 shares in the last quarter. 7.76% of the stock is owned by institutional investors.

Shinhan Financial Group Trading Up 1.2 %

Shares of NYSE:SHG traded up $0.50 during midday trading on Friday, hitting $41.32. 143,639 shares of the stock were exchanged, compared to its average volume of 127,438. The business's 50-day moving average price is $42.35 and its 200 day moving average price is $37.99. The stock has a market capitalization of $21.05 billion, a price-to-earnings ratio of 6.64, a P/E/G ratio of 0.72 and a beta of 0.92. Shinhan Financial Group Co., Ltd. has a 12 month low of $25.09 and a 12 month high of $46.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.02 and a current ratio of 1.02.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last issued its quarterly earnings results on Friday, July 26th. The bank reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.19. The company had revenue of $3.25 billion for the quarter. Shinhan Financial Group had a net margin of 12.23% and a return on equity of 7.16%. Analysts predict that Shinhan Financial Group Co., Ltd. will post 6.22 earnings per share 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.