Fmr LLC Increases Stock Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

FMR LLC boosted its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 83.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,167 shares of the bank's stock after purchasing an additional 20,534 shares during the quarter. FMR LLC's holdings in Shinhan Financial Group were worth $1,914,000 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 lifted its holdings in shares of Shinhan Financial Group by 27.9% during the 2nd quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank's stock worth $37,684,000 after acquiring an additional 236,236 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Shinhan Financial Group by 21.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,976 shares of the bank's stock worth $20,633,000 after purchasing an additional 85,539 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Shinhan Financial Group in the 3rd quarter valued at $2,982,000. Marshall Wace LLP purchased a new stake in shares of Shinhan Financial Group during the 2nd quarter valued at $2,332,000. Finally, Summit Global Investments increased its holdings in shares of Shinhan Financial Group by 79.3% during the 2nd quarter. Summit Global Investments now owns 121,081 shares of the bank's stock worth $4,215,000 after buying an additional 53,545 shares during the last quarter. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Shinhan Financial Group Trading Down 0.9 %

Shinhan Financial Group stock traded down $0.31 during midday trading on Monday, reaching $34.62. The stock had a trading volume of 193,549 shares, compared to its average volume of 132,962. The stock's 50-day simple moving average is $39.55 and its 200 day simple moving average is $39.40. Shinhan Financial Group Co., Ltd. has a twelve month low of $27.09 and a twelve month high of $46.05. 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 stock has a market capitalization of $17.43 billion, a PE ratio of 5.48, a price-to-earnings-growth ratio of 0.57 and a beta of 0.92.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its quarterly earnings data on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.02. The business had revenue of $3.11 billion for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. Analysts expect that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current year.

About Shinhan Financial Group

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.