Oppenheimer Asset Management Inc. Boosts Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Oppenheimer Asset Management Inc. grew its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 191.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,032 shares of the bank’s stock after acquiring an additional 13,808 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Shinhan Financial Group were worth $891,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Lazard Asset Management LLC lifted its position in shares of Shinhan Financial Group by 2.7% during the first quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank’s stock worth $46,075,000 after acquiring an additional 34,597 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of Shinhan Financial Group by 27.9% during the second 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 in the last quarter. American Century Companies Inc. increased its holdings in shares of Shinhan Financial Group by 7.8% in 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 period. Acadian Asset Management LLC increased its holdings in shares of 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 holdings in shares of Shinhan Financial Group by 14.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 177,972 shares of the bank’s stock worth $6,316,000 after purchasing an additional 22,536 shares during the period. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Trading Down 0.1 %

Shinhan Financial Group stock opened at $38.18 on Tuesday. The stock has a market cap of $19.45 billion, a P/E ratio of 5.99, a PEG ratio of 0.62 and a beta of 0.93. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $27.09 and a fifty-two week high of $46.05. The firm’s fifty day moving average price is $41.17 and its 200-day moving average price is $39.00. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.02 and a current ratio of 1.02.

Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings results on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate 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%. Equities research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current fiscal 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.