Pzena Investment Management LLC Lowers Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Pzena Investment Management LLC reduced its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 0.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,073,222 shares of the bank’s stock after selling 9,330 shares during the period. Pzena Investment Management LLC’s holdings in Shinhan Financial Group were worth $45,472,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC raised its stake 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 purchasing an additional 34,597 shares during the last quarter. American Century Companies Inc. lifted its stake 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 valued at $22,513,000 after purchasing an additional 46,720 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 buying an additional 85,539 shares in the last quarter. Acadian Asset Management LLC grew its position in Shinhan Financial Group by 16.2% during the second quarter. Acadian Asset Management LLC now owns 319,186 shares of the bank’s stock worth $11,106,000 after buying an additional 44,402 shares during the period. Finally, Clearbridge Investments LLC lifted its position in shares of Shinhan Financial Group by 34.5% during the 2nd quarter. Clearbridge Investments LLC now owns 163,705 shares of the bank’s stock valued at $5,699,000 after acquiring an additional 41,992 shares during the period. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Price Performance

Shares of SHG traded up $1.04 on Wednesday, reaching $39.61. The stock had a trading volume of 35,993 shares, compared to its average volume of 128,345. Shinhan Financial Group Co., Ltd. has a twelve month low of $27.09 and a twelve month high of $46.05. The firm has a market capitalization of $20.18 billion, a PE ratio of 6.05, a PEG ratio of 0.62 and a beta of 0.93. The firm has a 50-day moving average of $41.10 and a 200 day moving average of $39.03. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings data on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The business had revenue of $3.11 billion during the quarter. Sell-side analysts expect that Shinhan Financial Group Co., Ltd. will post 6.32 EPS 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.