24,267 Shares in Shinhan Financial Group Co., Ltd. (NYSE:SHG) Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC acquired a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 24,267 shares of the bank’s stock, valued at approximately $902,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Parametric Portfolio Associates LLC grew its stake in Shinhan Financial Group by 29.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 672,780 shares of the bank’s stock valued at $24,994,000 after buying an additional 154,107 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Shinhan Financial Group in the 4th quarter valued at about $2,251,000. D. E. Shaw & Co. Inc. bought a new stake in Shinhan Financial Group in the 4th quarter valued at about $1,480,000. FNY Investment Advisers LLC boosted its holdings in Shinhan Financial Group by 319.6% in the 1st quarter. FNY Investment Advisers LLC now owns 50,319 shares of the bank’s stock valued at $1,869,000 after purchasing an additional 38,327 shares during the period. Finally, Thomas White International Ltd. boosted its holdings in Shinhan Financial Group by 32.6% in the 1st quarter. Thomas White International Ltd. now owns 86,758 shares of the bank’s stock valued at $3,223,000 after purchasing an additional 21,310 shares during the period. 2.85% of the stock is currently owned by institutional investors and hedge funds.

SHG has been the subject of a number of recent analyst reports. ValuEngine raised shares of Shinhan Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. Zacks Investment Research downgraded shares of Shinhan Financial Group from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Finally, Bank of America cut shares of Shinhan Financial Group from a “neutral” rating to an “underperform” rating in a research report on Tuesday, May 28th.

NYSE SHG traded up $0.13 on Monday, hitting $39.01. The company’s stock had a trading volume of 52,800 shares, compared to its average volume of 88,981. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.09 and a current ratio of 1.09. Shinhan Financial Group Co., Ltd. has a 1-year low of $34.02 and a 1-year high of $41.79. The stock’s 50-day simple moving average is $38.30. The company has a market capitalization of $18.30 billion, a price-to-earnings ratio of 3.26, a PEG ratio of 1.89 and a beta of 0.81.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Tuesday, April 30th. The bank reported $7.16 earnings per share (EPS) for the quarter. The business had revenue of $6.85 billion for the quarter. Shinhan Financial Group had a net margin of 18.62% and a return on equity of 12.82%. As a group, research analysts expect that Shinhan Financial Group Co., Ltd. will post 5.75 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 five segments: Banking, Credit Cards, Securities, Life Insurance, and Others. It offers retail banking services, including mortgage and home equity, and retail lending; demand, savings, and fixed deposit-taking; checking accounts; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.

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

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