Causeway Capital Management LLC Has $10.71 Million Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Causeway Capital Management LLC boosted its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 6.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 325,639 shares of the bank's stock after buying an additional 20,766 shares during the period. Causeway Capital Management LLC owned approximately 0.06% of Shinhan Financial Group worth $10,707,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its position in Shinhan Financial Group by 606.8% in the fourth quarter. Renaissance Technologies LLC now owns 177,400 shares of the bank's stock valued at $5,833,000 after purchasing an additional 152,300 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Shinhan Financial Group by 1,834.3% during the fourth quarter. JPMorgan Chase & Co. now owns 85,999 shares of the bank's stock worth $2,828,000 after acquiring an additional 81,553 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Shinhan Financial Group by 14.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,550 shares of the bank's stock worth $18,365,000 after purchasing an additional 71,574 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Shinhan Financial Group by 66.1% in the fourth quarter. Franklin Resources Inc. now owns 138,774 shares of the bank's stock valued at $4,563,000 after acquiring an additional 55,250 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Shinhan Financial Group during the 3rd quarter worth approximately $2,219,000. 7.76% of the stock is owned by institutional investors.

Shinhan Financial Group Price Performance

Shinhan Financial Group stock traded down $0.28 during mid-day trading on Friday, reaching $33.29. 180,058 shares of the company were exchanged, compared to its average volume of 171,359. The firm has a market cap of $16.76 billion, a PE ratio of 5.23, a PEG ratio of 0.44 and a beta of 0.85. The company has a fifty day simple moving average of $32.44 and a 200-day simple moving average of $35.67. Shinhan Financial Group Co., Ltd. has a 12 month low of $28.76 and a 12 month high of $46.05. 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 released 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, equities research analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current fiscal year.

Shinhan Financial Group 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.