Public Employees Retirement System of Ohio Takes $2.22 Million Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Public Employees Retirement System of Ohio purchased a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 52,378 shares of the bank’s stock, valued at approximately $2,219,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new stake in Shinhan Financial Group in the second quarter worth about $107,000. Atomi Financial Group Inc. lifted its stake in Shinhan Financial Group by 22.4% in the second quarter. Atomi Financial Group Inc. now owns 14,212 shares of the bank’s stock valued at $495,000 after purchasing an additional 2,605 shares during the last quarter. Atlas Capital Advisors LLC grew its holdings in Shinhan Financial Group by 42.4% during the second quarter. Atlas Capital Advisors LLC now owns 10,332 shares of the bank’s stock valued at $360,000 after purchasing an additional 3,074 shares during the period. Hantz Financial Services Inc. purchased a new stake in Shinhan Financial Group in the second quarter worth $887,000. Finally, Natixis Advisors LLC raised its stake in shares of Shinhan Financial Group by 2.4% in the second quarter. Natixis Advisors LLC now owns 86,576 shares of the bank’s stock valued at $3,014,000 after buying an additional 2,070 shares during the period. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Down 1.4 %

SHG stock opened at $34.14 on Wednesday. The stock has a fifty day moving average of $39.27 and a 200-day moving average of $39.40. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $27.09 and a fifty-two week high of $46.05. The company has a market capitalization of $17.19 billion, a price-to-earnings ratio of 5.36, a PEG ratio of 0.57 and a beta of 0.92. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04.

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

About Shinhan Financial Group

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.