Ritholtz Wealth Management Grows Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Ritholtz Wealth Management boosted its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,883 shares of the bank’s stock after purchasing an additional 1,541 shares during the quarter. Ritholtz Wealth Management’s holdings in Shinhan Financial Group were worth $3,342,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its position in shares of Shinhan Financial Group by 2.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank’s stock worth $46,075,000 after purchasing an additional 34,597 shares during the last quarter. Pzena Investment Management LLC boosted its position in shares of Shinhan Financial Group by 27.9% during the 2nd quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank’s stock worth $37,684,000 after acquiring an additional 236,236 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Shinhan Financial Group by 7.8% in the 2nd 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 during the last quarter. Acadian Asset Management LLC raised its position in shares of Shinhan Financial Group by 16.2% during the 2nd quarter. Acadian Asset Management LLC now owns 319,186 shares of the bank’s stock worth $11,106,000 after acquiring an additional 44,402 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Shinhan Financial Group by 14.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 177,972 shares of the bank’s stock worth $6,316,000 after purchasing an additional 22,536 shares during the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

Shares of Shinhan Financial Group stock opened at $42.60 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.50. Shinhan Financial Group Co., Ltd. has a 52 week low of $25.09 and a 52 week high of $46.05. The firm’s 50 day moving average is $42.09 and its two-hundred day moving average is $37.55. The firm has a market capitalization of $21.70 billion, a P/E ratio of 7.02, a P/E/G ratio of 0.73 and a beta of 0.92.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings results on Friday, July 26th. The bank reported $1.97 EPS for the quarter, topping the consensus estimate of $1.78 by $0.19. Shinhan Financial Group had a net margin of 12.23% and a return on equity of 7.16%. The firm had revenue of $3.25 billion for the quarter. Research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.22 EPS 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.