Shinhan Financial Group Co., Ltd. (NYSE:SHG) Holdings Increased by Assetmark Inc.

Assetmark Inc. raised its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 1,535.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,124 shares of the bank's stock after purchasing an additional 21,710 shares during the quarter. Assetmark Inc.'s holdings in Shinhan Financial Group were worth $980,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its holdings in Shinhan Financial Group by 27.9% in the 2nd 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 during the last quarter. Acadian Asset Management LLC boosted its position in shares of Shinhan Financial Group by 156.0% in 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 during the period. Marshall Wace LLP purchased a new position in Shinhan Financial Group in the 2nd quarter worth approximately $2,332,000. Summit Global Investments grew its holdings in Shinhan Financial Group by 79.3% during the 2nd quarter. Summit Global Investments now owns 121,081 shares of the bank's stock valued at $4,215,000 after purchasing an additional 53,545 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in Shinhan Financial Group by 75.0% during the 1st quarter. Clearbridge Investments LLC now owns 121,713 shares of the bank's stock worth $4,320,000 after buying an additional 52,161 shares during the period. Institutional investors and hedge funds own 7.76% of the company's stock.

Shinhan Financial Group Stock Down 4.0 %

Shares of NYSE:SHG traded down $1.57 during midday trading on Friday, reaching $38.12. The company had a trading volume of 88,818 shares, compared to its average volume of 128,279. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $19.42 billion, a P/E ratio of 6.00, a PEG ratio of 0.64 and a beta of 0.93. Shinhan Financial Group Co., Ltd. has a one year low of $27.09 and a one year high of $46.05. The stock's fifty day moving average price is $41.33 and its 200-day moving average price is $38.87.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings results on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.02. Shinhan Financial Group had a return on equity of 7.24% and a net margin of 12.21%. The business had revenue of $3.11 billion for the quarter. Equities research analysts expect 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.