Schwab Charles Investment Management Inc. lifted its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 10.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 340,728 shares of the bank’s stock after acquiring an additional 31,396 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.07% of Shinhan Financial Group worth $15,095,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Shinhan Financial Group by 1.1% in the second quarter. Vanguard Group Inc. now owns 1,500,199 shares of the bank’s stock worth $65,244,000 after acquiring an additional 16,082 shares during the last quarter. Northern Trust Corp lifted its position in Shinhan Financial Group by 6.6% in the second quarter. Northern Trust Corp now owns 1,266,029 shares of the bank’s stock worth $55,060,000 after purchasing an additional 78,581 shares during the period. Brandes Investment Partners LP lifted its position in Shinhan Financial Group by 2.7% in the second quarter. Brandes Investment Partners LP now owns 1,006,005 shares of the bank’s stock worth $43,751,000 after purchasing an additional 26,511 shares during the period. Aperio Group LLC lifted its position in Shinhan Financial Group by 10.2% in the third quarter. Aperio Group LLC now owns 388,931 shares of the bank’s stock worth $17,230,000 after purchasing an additional 36,072 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its position in Shinhan Financial Group by 9.7% in the second quarter. Parametric Portfolio Associates LLC now owns 342,136 shares of the bank’s stock worth $14,879,000 after purchasing an additional 30,240 shares during the period. Institutional investors and hedge funds own 2.25% of the company’s stock.

Separately, Zacks Investment Research raised Shinhan Financial Group from a “sell” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research report on Thursday, November 2nd.

Shinhan Financial Group Co., Ltd. (NYSE SHG) opened at $46.80 on Friday. The company has a market capitalization of $22,360.00, a price-to-earnings ratio of 7.27, a P/E/G ratio of 1.51 and a beta of 1.05. Shinhan Financial Group Co., Ltd. has a 12-month low of $36.78 and a 12-month high of $48.98. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.

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Shinhan Financial Group Company Profile

Shinhan Financial Group Co, Ltd. (SFG) is a financial holding company. The Company operates through five segments: commercial banking services, which are provided by Shinhan Bank Co, Ltd. (Shinhan Bank); credit card services, which are provided by Shinhan Card Co, Ltd. (Shinhan Card); securities brokerage services, which are provided by Shinhan Investment Corp.

Institutional Ownership by Quarter for Shinhan Financial Group (NYSE:SHG)

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