O Shaughnessy Asset Management LLC Increases Holdings in Shinhan Financial Group Co Ltd $SHG

O Shaughnessy Asset Management LLC raised its stake in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194,096 shares of the bank’s stock after buying an additional 20,217 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Shinhan Financial Group were worth $10,409,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its stake in Shinhan Financial Group by 5.3% during the third quarter. Lazard Asset Management LLC now owns 1,576,735 shares of the bank’s stock valued at $79,420,000 after buying an additional 78,768 shares during the last quarter. Northern Trust Corp raised its stake in Shinhan Financial Group by 0.5% during the third quarter. Northern Trust Corp now owns 1,498,706 shares of the bank’s stock valued at $75,490,000 after buying an additional 7,518 shares during the last quarter. American Century Companies Inc. raised its stake in Shinhan Financial Group by 11.3% during the third quarter. American Century Companies Inc. now owns 1,089,798 shares of the bank’s stock valued at $54,893,000 after buying an additional 110,787 shares during the last quarter. Bank of America Corp DE raised its stake in Shinhan Financial Group by 0.5% during the third quarter. Bank of America Corp DE now owns 686,044 shares of the bank’s stock valued at $34,556,000 after buying an additional 3,709 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Shinhan Financial Group by 152.0% during the first quarter. Millennium Management LLC now owns 582,570 shares of the bank’s stock valued at $18,689,000 after buying an additional 351,413 shares during the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Down 2.2%

SHG stock opened at $64.52 on Thursday. Shinhan Financial Group Co Ltd has a 1-year low of $42.71 and a 1-year high of $73.40. The business has a fifty day moving average price of $65.42 and a 200-day moving average price of $61.16. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $30.62 billion, a P/E ratio of 7.01, a P/E/G ratio of 0.52 and a beta of 0.93.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings results on Tuesday, March 31st. The bank reported $1.98 earnings per share for the quarter. Shinhan Financial Group had a return on equity of 11.02% and a net margin of 20.07%. Equities analysts forecast that Shinhan Financial Group Co Ltd will post 7.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Zacks Research cut Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings upgraded Shinhan Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Shinhan Financial Group Profile

Shinhan Financial Group is a South Korea–based financial holding company headquartered in Seoul. Established in 2001 as a banking and financial services group, it brings together a range of financial subsidiaries operating under the Shinhan brand, including commercial banking, card services, life insurance, securities and asset management businesses. The group serves both retail and corporate clients and is one of the leading diversified financial institutions in Korea.

The company’s principal activities span retail and corporate banking, credit card issuance and payment services, life insurance and related protection products, brokerage and investment banking, and asset and wealth management.