70,379 Shares in Shinhan Financial Group Co., Ltd. (NYSE:SHG) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,379 shares of the bank’s stock, valued at approximately $2,982,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lazard Asset Management LLC boosted its stake in shares of Shinhan Financial Group by 2.7% in the first quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank’s stock worth $46,075,000 after buying an additional 34,597 shares during the last quarter. Pzena Investment Management LLC boosted its position in Shinhan Financial Group by 27.9% in the 2nd quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank’s stock worth $37,684,000 after purchasing an additional 236,236 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Shinhan Financial Group by 7.8% during the 2nd quarter. American Century Companies Inc. now owns 646,749 shares of the bank’s stock worth $22,513,000 after purchasing an additional 46,720 shares during the period. Acadian Asset Management LLC boosted its holdings in Shinhan Financial Group by 16.2% during the second quarter. Acadian Asset Management LLC now owns 319,186 shares of the bank’s stock worth $11,106,000 after buying 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 second quarter. Clearbridge Investments LLC now owns 163,705 shares of the bank’s stock valued at $5,699,000 after buying an additional 41,992 shares during the period. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Trading Up 2.6 %

SHG stock opened at $39.58 on Thursday. Shinhan Financial Group Co., Ltd. has a 52-week low of $27.09 and a 52-week high of $46.05. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The firm has a market cap of $20.16 billion, a P/E ratio of 6.21, a PEG ratio of 0.62 and a beta of 0.93. The company’s 50-day simple moving average is $41.09 and its 200-day simple moving average is $39.03.

Shinhan Financial Group (NYSE:SHG) last released its earnings results on Friday, October 25th. The bank reported $1.76 earnings per share 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, equities analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.32 EPS 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.