Acadian Asset Management LLC Increases Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Acadian Asset Management LLC boosted its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 156.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 274,784 shares of the bank’s stock after purchasing an additional 167,434 shares during the period. Acadian Asset Management LLC owned about 0.05% of Shinhan Financial Group worth $9,749,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SHG. American Century Companies Inc. increased its holdings in Shinhan Financial Group by 9.2% during the 3rd quarter. American Century Companies Inc. now owns 514,638 shares of the bank’s stock valued at $13,633,000 after purchasing an additional 43,516 shares during the period. Wellington Management Group LLP lifted its position in Shinhan Financial Group by 16.1% in the 3rd quarter. Wellington Management Group LLP now owns 115,622 shares of the bank’s stock valued at $3,063,000 after acquiring an additional 15,993 shares in the last quarter. Aprio Wealth Management LLC lifted its holdings in shares of Shinhan Financial Group by 10.9% during the 4th quarter. Aprio Wealth Management LLC now owns 9,361 shares of the bank’s stock valued at $288,000 after buying an additional 920 shares during the period. Schechter Investment Advisors LLC lifted its holdings in shares of Shinhan Financial Group by 3.1% during the 4th quarter. Schechter Investment Advisors LLC now owns 28,678 shares of the bank’s stock valued at $883,000 after buying an additional 870 shares during the period. Finally, Ritholtz Wealth Management lifted its holdings in shares of Shinhan Financial Group by 28.8% during the 4th quarter. Ritholtz Wealth Management now owns 62,773 shares of the bank’s stock valued at $1,932,000 after buying an additional 14,025 shares during the period. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

Shares of NYSE SHG traded down $0.28 during midday trading on Friday, hitting $37.67. 76,229 shares of the stock traded hands, compared to its average volume of 106,549. The firm has a 50-day moving average of $35.34 and a two-hundred day moving average of $33.49. The firm has a market capitalization of $19.19 billion, a P/E ratio of 6.21, a PEG ratio of 0.65 and a beta of 0.93. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.02 and a current ratio of 1.02. Shinhan Financial Group Co., Ltd. has a one year low of $25.09 and a one year high of $38.73.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings data on Thursday, May 16th. The bank reported $1.89 EPS for the quarter, topping the consensus estimate of $1.54 by $0.35. The firm had revenue of $3.09 billion during the quarter. Shinhan Financial Group had a return on equity of 7.23% and a net margin of 12.76%. On average, equities analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Shinhan Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, June 6th.

Shinhan Financial Group Company 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.