Parametric Portfolio Associates LLC raised its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 29.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 672,780 shares of the bank’s stock after buying an additional 154,107 shares during the period. Parametric Portfolio Associates LLC owned about 0.14% of Shinhan Financial Group worth $24,994,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pzena Investment Management LLC boosted its position in shares of Shinhan Financial Group by 0.3% during the first quarter. Pzena Investment Management LLC now owns 148,485 shares of the bank’s stock worth $5,516,000 after purchasing an additional 471 shares in the last quarter. FNY Investment Advisers LLC boosted its holdings in shares of Shinhan Financial Group by 319.6% during the 1st quarter. FNY Investment Advisers LLC now owns 50,319 shares of the bank’s stock worth $1,869,000 after buying an additional 38,327 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Shinhan Financial Group by 161.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,426 shares of the bank’s stock valued at $90,000 after purchasing an additional 1,497 shares during the period. Bank of Montreal Can boosted its holdings in Shinhan Financial Group by 8,254.0% in the 1st quarter. Bank of Montreal Can now owns 8,354 shares of the bank’s stock valued at $311,000 after purchasing an additional 8,254 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Shinhan Financial Group in the 4th quarter valued at about $2,251,000. 2.85% of the stock is owned by institutional investors.
Shares of SHG traded up $0.15 during trading hours on Wednesday, hitting $38.63. 34,500 shares of the stock were exchanged, compared to its average volume of 90,092. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 3.23, a P/E/G ratio of 1.87 and a beta of 0.82. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $34.02 and a fifty-two week high of $41.79. The business’s 50-day simple moving average is $38.23. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.74.
Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings data on Tuesday, April 30th. The bank reported $7.16 earnings per share for the quarter. The firm had revenue of $6.85 billion for the quarter. Shinhan Financial Group had a net margin of 18.62% and a return on equity of 12.82%. As a group, equities analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.75 earnings per share for the current year.
SHG has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Shinhan Financial Group from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Bank of America cut shares of Shinhan Financial Group from a “neutral” rating to an “underperform” rating in a research report on Tuesday, May 28th. Finally, ValuEngine upgraded shares of Shinhan Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th.
About Shinhan Financial Group
Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through five segments: Banking, Credit Cards, Securities, Life Insurance, and Others. It offers retail banking services, including mortgage and home equity, and retail lending; demand, savings, and fixed deposit-taking; checking accounts; 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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