Groupama Asset Managment Purchases 8,071 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Groupama Asset Managment grew its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 72.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,202 shares of the bank’s stock after acquiring an additional 8,071 shares during the period. Groupama Asset Managment’s holdings in Shinhan Financial Group were worth $631,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SHG. Sierra Ocean LLC bought a new position in Shinhan Financial Group during the fourth quarter worth about $43,000. R Squared Ltd bought a new position in shares of Shinhan Financial Group during the 4th quarter worth approximately $76,000. Verition Fund Management LLC acquired a new position in shares of Shinhan Financial Group during the 3rd quarter worth approximately $202,000. M&T Bank Corp raised its stake in Shinhan Financial Group by 11.7% in the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank’s stock valued at $205,000 after acquiring an additional 655 shares during the period. Finally, Glenmede Trust Co. NA acquired a new stake in Shinhan Financial Group during the 3rd quarter valued at $237,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Price Performance

NYSE:SHG opened at $33.28 on Thursday. The firm’s fifty day moving average price is $33.32 and its two-hundred day moving average price is $36.59. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $16.75 billion, a P/E ratio of 5.22, a P/E/G ratio of 0.44 and a beta of 0.89. Shinhan Financial Group Co., Ltd. has a one year low of $29.25 and a one year high of $46.05.

Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. The firm had revenue of $2.82 billion for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. Equities analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share 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.