American Century Companies Inc. grew its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 786,028 shares of the bank's stock after buying an additional 42,575 shares during the quarter. American Century Companies Inc. owned 0.16% of Shinhan Financial Group worth $25,845,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Shinhan Financial Group in the fourth quarter worth about $43,000. R Squared Ltd acquired a new position in shares of Shinhan Financial Group in the 4th quarter worth approximately $76,000. Verition Fund Management LLC bought a new position in shares of Shinhan Financial Group during the 3rd quarter worth approximately $202,000. M&T Bank Corp boosted its stake in Shinhan Financial Group by 11.7% in the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank's stock valued at $205,000 after buying an additional 655 shares in the last quarter. Finally, Glenmede Trust Co. NA bought a new stake in Shinhan Financial Group in the third quarter valued at $237,000. 7.76% of the stock is owned by institutional investors.
Shinhan Financial Group Price Performance
Shinhan Financial Group stock traded down $1.29 during mid-day trading on Thursday, hitting $31.99. 206,343 shares of the company were exchanged, compared to its average volume of 167,207. Shinhan Financial Group Co., Ltd. has a 1-year low of $29.25 and a 1-year high of $46.05. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The business has a fifty day moving average of $33.25 and a 200 day moving average of $36.55. The company has a market capitalization of $16.10 billion, a PE ratio of 5.02, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.
Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its earnings results 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, sell-side analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current year.
Shinhan Financial Group Profile
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Free Report)
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.
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