DGS Capital Management LLC Increases Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

DGS Capital Management LLC lifted its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 20.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,538 shares of the bank’s stock after buying an additional 5,070 shares during the quarter. DGS Capital Management LLC’s holdings in Shinhan Financial Group were worth $1,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Pzena Investment Management LLC raised its stake in Shinhan Financial Group by 27.9% during the second quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank’s stock valued at $37,684,000 after buying an additional 236,236 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Shinhan Financial Group by 7.8% during the second quarter. American Century Companies Inc. now owns 646,749 shares of the bank’s stock valued at $22,513,000 after acquiring an additional 46,720 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Shinhan Financial Group by 21.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,976 shares of the bank’s stock worth $20,633,000 after purchasing an additional 85,539 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Shinhan Financial Group by 16.2% in the 2nd quarter. Acadian Asset Management LLC now owns 319,186 shares of the bank’s stock worth $11,106,000 after purchasing an additional 44,402 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in 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 purchasing an additional 41,992 shares during the last quarter. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Down 1.9 %

Shares of NYSE:SHG traded down $0.66 during trading on Friday, reaching $34.74. 31,839 shares of the stock traded hands, compared to its average volume of 131,720. The stock has a market cap of $17.49 billion, a P/E ratio of 5.56, a price-to-earnings-growth ratio of 0.58 and a beta of 0.92. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a 50-day moving average of $39.68 and a two-hundred day moving average of $39.32. Shinhan Financial Group Co., Ltd. has a 52-week low of $27.09 and a 52-week high of $46.05.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Friday, October 25th. The bank reported $1.76 EPS for the quarter, beating the consensus estimate of $1.74 by $0.02. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The business had revenue of $3.11 billion for the quarter. As a group, sell-side analysts expect that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current fiscal year.

Shinhan Financial Group 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.