6,532 Shares in Shinhan Financial Group Co., Ltd. (NYSE:SHG) Purchased by HighTower Advisors LLC

HighTower Advisors LLC acquired a new stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,532 shares of the bank’s stock, valued at approximately $274,000.

A number of other large investors also recently bought and sold shares of SHG. 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 purchasing an additional 236,236 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Shinhan Financial Group by 21.3% in 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 purchasing an additional 85,539 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Shinhan Financial Group in the third quarter valued at approximately $2,982,000. Marshall Wace LLP bought a new stake in shares of Shinhan Financial Group during the second quarter valued at approximately $2,332,000. Finally, 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 worth $22,513,000 after buying an additional 46,720 shares during the period. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shares of NYSE SHG opened at $34.12 on Tuesday. The stock has a market cap of $17.18 billion, a P/E ratio of 5.36, a P/E/G ratio of 0.57 and a beta of 0.92. The firm’s 50-day simple moving average is $38.78 and its 200 day simple moving average is $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 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 quarterly earnings results on Friday, October 25th. The bank reported $1.76 EPS for the quarter, topping the consensus estimate of $1.74 by $0.02. The firm 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%. Equities analysts expect 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.