PNC Financial Services Group Inc. Purchases 527 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

PNC Financial Services Group Inc. raised its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,063 shares of the bank’s stock after acquiring an additional 527 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Shinhan Financial Group were worth $587,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Shinhan Financial Group by 13.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,935 shares of the bank’s stock valued at $183,000 after acquiring an additional 682 shares during the last quarter. Ritholtz Wealth Management boosted its position in Shinhan Financial Group by 28.8% during the fourth quarter. Ritholtz Wealth Management now owns 62,773 shares of the bank’s stock valued at $1,932,000 after acquiring an additional 14,025 shares during the last quarter. American Century Companies Inc. boosted its position in Shinhan Financial Group by 9.2% during the third quarter. American Century Companies Inc. now owns 514,638 shares of the bank’s stock valued at $13,633,000 after acquiring an additional 43,516 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Shinhan Financial Group by 147.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 95,773 shares of the bank’s stock valued at $2,537,000 after acquiring an additional 57,110 shares during the last quarter. Finally, Team Hewins LLC bought a new stake in Shinhan Financial Group during the fourth quarter valued at $441,000. Institutional investors own 7.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th.

Shinhan Financial Group Price Performance

SHG stock opened at $34.14 on Thursday. The stock has a market capitalization of $17.39 billion, a PE ratio of 5.62, a price-to-earnings-growth ratio of 0.59 and a beta of 0.93. The company’s 50-day moving average is $33.97 and its 200-day moving average is $32.59. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.02 and a quick ratio of 1.02. Shinhan Financial Group Co., Ltd. has a 1 year low of $24.99 and a 1 year high of $38.65.

Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings data on Thursday, May 16th. The bank reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.35. The company had revenue of $3.09 billion for the quarter. Shinhan Financial Group had a net margin of 12.76% and a return on equity of 7.23%. Equities research analysts expect that Shinhan Financial Group Co., Ltd. will post 6.21 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.