71,133 Shares in Shinhan Financial Group Co Ltd $SHG Bought by Capital Research Global Investors

Capital Research Global Investors purchased a new position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 71,133 shares of the bank’s stock, valued at approximately $3,829,000.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in shares of Shinhan Financial Group by 11.3% during the third quarter. American Century Companies Inc. now owns 1,089,798 shares of the bank’s stock worth $54,893,000 after purchasing an additional 110,787 shares during the period. Banque Pictet & Cie SA acquired a new stake in shares of Shinhan Financial Group during the fourth quarter worth $464,000. Arbiter Partners Capital Management LLC lifted its holdings in shares of Shinhan Financial Group by 246.4% during the third quarter. Arbiter Partners Capital Management LLC now owns 137,169 shares of the bank’s stock worth $6,909,000 after purchasing an additional 97,569 shares during the period. Investment Research Partners LLC acquired a new stake in shares of Shinhan Financial Group during the third quarter worth $757,000. Finally, Causeway Capital Management LLC lifted its holdings in shares of Shinhan Financial Group by 2.9% during the third quarter. Causeway Capital Management LLC now owns 565,975 shares of the bank’s stock worth $28,508,000 after purchasing an additional 15,837 shares during the period. 7.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SHG shares. Zacks Research downgraded Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings raised Shinhan Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Shinhan Financial Group Trading Up 3.3%

NYSE:SHG opened at $66.00 on Wednesday. The stock has a fifty day moving average price of $65.33 and a two-hundred day moving average price of $61.07. The stock has a market capitalization of $31.33 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.50 and a beta of 0.93. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.00 and a current ratio of 1.00. Shinhan Financial Group Co Ltd has a 1 year low of $42.71 and a 1 year high of $73.40.

Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $1.98 earnings per share (EPS) for the quarter. Shinhan Financial Group had a return on equity of 11.02% and a net margin of 20.07%. As a group, sell-side analysts anticipate that Shinhan Financial Group Co Ltd will post 7.99 earnings per share for the current fiscal year.

Shinhan Financial Group Profile

Shinhan Financial Group is a South Korea–based financial holding company headquartered in Seoul. Established in 2001 as a banking and financial services group, it brings together a range of financial subsidiaries operating under the Shinhan brand, including commercial banking, card services, life insurance, securities and asset management businesses. The group serves both retail and corporate clients and is one of the leading diversified financial institutions in Korea.

The company’s principal activities span retail and corporate banking, credit card issuance and payment services, life insurance and related protection products, brokerage and investment banking, and asset and wealth management.