Pzena Investment Management LLC Has $35.32 Million Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Pzena Investment Management LLC lifted its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,074,051 shares of the bank’s stock after purchasing an additional 829 shares during the quarter. Pzena Investment Management LLC’s holdings in Shinhan Financial Group were worth $35,315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHG. Wealth Enhancement Advisory Services LLC acquired a new stake in Shinhan Financial Group in the 3rd quarter valued at approximately $334,000. Assetmark Inc. raised its position in Shinhan Financial Group by 1,535.4% in the 3rd quarter. Assetmark Inc. now owns 23,124 shares of the bank’s stock valued at $980,000 after buying an additional 21,710 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Shinhan Financial Group by 191.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank’s stock valued at $891,000 after buying an additional 13,808 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in Shinhan Financial Group by 14.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 10,767 shares of the bank’s stock valued at $456,000 after buying an additional 1,366 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in Shinhan Financial Group by 25.6% in the 3rd quarter. Natixis Advisors LLC now owns 108,738 shares of the bank’s stock valued at $4,607,000 after buying an additional 22,162 shares during the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Stock Down 1.5 %

Shares of Shinhan Financial Group stock opened at $31.30 on Tuesday. The business’s 50 day simple moving average is $33.88 and its 200 day simple moving average is $37.77. Shinhan Financial Group Co., Ltd. has a 52-week low of $29.25 and a 52-week high of $46.05. The firm has a market cap of $15.76 billion, a PE ratio of 4.91, a P/E/G ratio of 0.44 and a beta of 0.89. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. The firm had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. On average, analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current fiscal year.

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.