Sterling Capital Management LLC Grows Stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Sterling Capital Management LLC lifted its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,564 shares of the bank’s stock after purchasing an additional 415 shares during the quarter. Sterling Capital Management LLC’s holdings in Shinhan Financial Group were worth $183,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SHG. American Century Companies Inc. lifted its holdings in shares of Shinhan Financial Group by 5.7% in the 4th quarter. American Century Companies Inc. now owns 786,028 shares of the bank’s stock worth $25,845,000 after acquiring an additional 42,575 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Shinhan Financial Group by 14.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,550 shares of the bank’s stock valued at $18,365,000 after buying an additional 71,574 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Shinhan Financial Group by 1.2% in the fourth quarter. Wellington Management Group LLP now owns 266,596 shares of the bank’s stock worth $8,766,000 after buying an additional 3,144 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Shinhan Financial Group by 606.8% during the 4th quarter. Renaissance Technologies LLC now owns 177,400 shares of the bank’s stock worth $5,833,000 after acquiring an additional 152,300 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Shinhan Financial Group by 66.1% during the 4th quarter. Franklin Resources Inc. now owns 138,774 shares of the bank’s stock valued at $4,563,000 after acquiring an additional 55,250 shares during the period. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Up 1.8 %

NYSE:SHG opened at $33.94 on Tuesday. The stock has a fifty day simple moving average of $32.43 and a 200-day simple moving average of $35.48. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The company has a market cap of $17.09 billion, a price-to-earnings ratio of 5.33, a price-to-earnings-growth ratio of 0.44 and a beta of 0.85. Shinhan Financial Group Co., Ltd. has a twelve month low of $28.76 and a twelve month high of $46.05.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The business had revenue of $2.82 billion for the quarter. Analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 EPS 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.