Schroder Investment Management Group Has $1.82 Million Stake in Shinhan Financial Group Co Ltd $SHG

Schroder Investment Management Group boosted its position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 129.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 40,336 shares of the bank’s stock after buying an additional 22,751 shares during the quarter. Schroder Investment Management Group’s holdings in Shinhan Financial Group were worth $1,822,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SHG. Northern Trust Corp boosted its position in shares of Shinhan Financial Group by 3.9% in the first quarter. Northern Trust Corp now owns 1,501,208 shares of the bank’s stock worth $48,159,000 after buying an additional 56,088 shares during the period. American Century Companies Inc. raised its position in Shinhan Financial Group by 16.5% during the second quarter. American Century Companies Inc. now owns 979,011 shares of the bank’s stock valued at $44,232,000 after buying an additional 138,779 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Shinhan Financial Group by 10.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 617,210 shares of the bank’s stock valued at $19,800,000 after buying an additional 58,660 shares during the period. Millennium Management LLC lifted its stake in Shinhan Financial Group by 152.0% in the 1st quarter. Millennium Management LLC now owns 582,570 shares of the bank’s stock worth $18,689,000 after acquiring an additional 351,413 shares in the last quarter. Finally, Ranmore Fund Management Ltd boosted its position in Shinhan Financial Group by 8.2% during the 2nd quarter. Ranmore Fund Management Ltd now owns 529,000 shares of the bank’s stock worth $23,900,000 after acquiring an additional 40,000 shares during the period. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Up 0.7%

Shares of Shinhan Financial Group stock opened at $54.20 on Friday. The stock has a 50-day simple moving average of $52.51 and a 200-day simple moving average of $48.82. Shinhan Financial Group Co Ltd has a 52-week low of $28.76 and a 52-week high of $56.13. The firm has a market cap of $26.31 billion, a price-to-earnings ratio of 5.28, a P/E/G ratio of 0.60 and a beta of 1.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.03 and a quick ratio of 1.03.

Shinhan Financial Group (NYSE:SHG) last posted its earnings results on Friday, November 14th. The bank reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.08. Shinhan Financial Group had a net margin of 22.38% and a return on equity of 12.45%. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $3.79 billion. On average, equities research analysts expect that Shinhan Financial Group Co Ltd will post 5.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SHG shares. Wall Street Zen cut Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Zacks Research cut shares of Shinhan Financial Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Shinhan Financial Group in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Shinhan Financial Group

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.