Shinhan Financial Group Co., Ltd. (NYSE:SHG) Position Lifted by Assetmark Inc.

Assetmark Inc. grew its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 1,535.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,124 shares of the bank’s stock after acquiring an additional 21,710 shares during the period. Assetmark Inc.’s holdings in Shinhan Financial Group were worth $980,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SHG. Lazard Asset Management LLC increased its holdings in Shinhan Financial Group by 2.7% in the first quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank’s stock valued at $46,075,000 after buying an additional 34,597 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of 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. American Century Companies Inc. lifted its stake in Shinhan Financial Group by 7.8% during the second quarter. American Century Companies Inc. now owns 646,749 shares of the bank’s stock worth $22,513,000 after purchasing an additional 46,720 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Shinhan Financial Group by 16.2% in the second quarter. Acadian Asset Management LLC now owns 319,186 shares of the bank’s stock worth $11,106,000 after purchasing an additional 44,402 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in Shinhan Financial Group by 14.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 177,972 shares of the bank’s stock valued at $6,316,000 after purchasing an additional 22,536 shares during the last quarter. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Trading Up 0.2 %

Shinhan Financial Group stock opened at $39.65 on Friday. Shinhan Financial Group Co., Ltd. has a 1 year low of $27.09 and a 1 year high of $46.05. The firm’s 50-day moving average is $41.38 and its 200-day moving average is $38.86. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $20.20 billion, a P/E ratio of 6.21, a PEG ratio of 0.64 and a beta of 0.93.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Friday, October 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. The firm had revenue of $3.11 billion for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.24%. On average, equities analysts expect that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current 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.