Sanctuary Advisors LLC Acquires 735 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Sanctuary Advisors LLC increased its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 8.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,210 shares of the bank’s stock after buying an additional 735 shares during the period. Sanctuary Advisors LLC’s holdings in Shinhan Financial Group were worth $366,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of SHG. Pzena Investment Management LLC increased its position in shares of Shinhan Financial Group by 27.9% during the second quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank’s stock worth $37,684,000 after purchasing an additional 236,236 shares in the last quarter. American Century Companies Inc. increased 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 worth $22,513,000 after purchasing an additional 46,720 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased 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 worth $20,633,000 after purchasing an additional 85,539 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Shinhan Financial Group by 16.2% during the second quarter. Acadian Asset Management LLC now owns 319,186 shares of the bank’s stock worth $11,106,000 after purchasing an additional 44,402 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Shinhan Financial Group by 34.5% during the second quarter. Clearbridge Investments LLC now owns 163,705 shares of the bank’s stock worth $5,699,000 after purchasing an additional 41,992 shares in the last quarter. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

Shares of SHG stock opened at $33.18 on Friday. The business’s fifty day simple moving average is $37.97 and its 200-day simple moving average is $39.33. The company has a market cap of $16.70 billion, a PE ratio of 5.21, a PEG ratio of 0.57 and a beta of 0.92. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a 12-month low of $27.09 and a 12-month high of $46.05.

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

Shinhan Financial Group Company 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.