5,590 Shares in Shinhan Financial Group Co., Ltd. (NYSE:SHG) Acquired by M&T Bank Corp

M&T Bank Corp acquired a new stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,590 shares of the bank’s stock, valued at approximately $237,000.

Other hedge funds also recently bought and sold shares of the company. Pzena Investment Management LLC lifted 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 valued at $37,684,000 after acquiring an additional 236,236 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Shinhan Financial Group by 7.8% during the second quarter. American Century Companies Inc. now owns 646,749 shares of the bank’s stock valued at $22,513,000 after buying an additional 46,720 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Shinhan Financial Group by 21.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,976 shares of the bank’s stock valued at $20,633,000 after buying an additional 85,539 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Shinhan Financial Group by 16.2% in the 2nd 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 raised its position in Shinhan Financial Group by 34.5% in the 2nd quarter. Clearbridge Investments LLC now owns 163,705 shares of the bank’s stock worth $5,699,000 after buying an additional 41,992 shares during the last quarter. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

Shares of NYSE SHG opened at $33.73 on Friday. The firm’s 50-day moving average price is $38.95 and its 200-day moving average price is $39.32. 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 market cap of $16.98 billion, a PE ratio of 5.30, a PEG ratio of 0.57 and a beta of 0.92. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Friday, October 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.02. The company had revenue of $3.11 billion for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. As a group, analysts anticipate that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current 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.