Franklin Resources Inc. Buys 55,250 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Franklin Resources Inc. lifted its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 66.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 138,774 shares of the bank's stock after acquiring an additional 55,250 shares during the quarter. Franklin Resources Inc.'s holdings in Shinhan Financial Group were worth $4,563,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in shares of Shinhan Financial Group by 5.7% during the 4th quarter. American Century Companies Inc. now owns 786,028 shares of the bank's stock worth $25,845,000 after acquiring an additional 42,575 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake 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 acquiring an additional 71,574 shares during the period. Wellington Management Group LLP raised its stake in Shinhan Financial Group by 1.2% in the fourth quarter. Wellington Management Group LLP now owns 266,596 shares of the bank's stock valued at $8,766,000 after purchasing an additional 3,144 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in shares of Shinhan Financial Group by 6.5% during the 4th quarter. NewEdge Wealth LLC now owns 104,657 shares of the bank's stock worth $3,441,000 after acquiring an additional 6,369 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 81,553 shares during the last quarter. Institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Price Performance

Shares of SHG traded up $0.42 during mid-day trading on Wednesday, reaching $33.64. The company had a trading volume of 25,011 shares, compared to its average volume of 170,268. Shinhan Financial Group Co., Ltd. has a 1-year low of $28.76 and a 1-year high of $46.05. The company has a market capitalization of $16.94 billion, a price-to-earnings ratio of 5.29, a P/E/G ratio of 0.44 and a beta of 0.85. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The company's 50 day simple moving average is $32.47 and its 200 day simple moving average is $35.75.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The firm 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%. Analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current 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.