Pzena Investment Management LLC Trims Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Pzena Investment Management LLC trimmed its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 0.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,073,222 shares of the bank’s stock after selling 9,330 shares during the period. Pzena Investment Management LLC owned approximately 0.21% of Shinhan Financial Group worth $45,472,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FSC Wealth Advisors LLC purchased a new position in shares of Shinhan Financial Group during the 3rd quarter worth $76,000. GAMMA Investing LLC increased its stake in Shinhan Financial Group by 45.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock worth $84,000 after buying an additional 621 shares during the period. Fifth Third Bancorp acquired a new stake in Shinhan Financial Group during the 2nd quarter worth approximately $107,000. Waldron Private Wealth LLC purchased a new position in Shinhan Financial Group in the 3rd quarter valued at approximately $126,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Shinhan Financial Group by 34.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank’s stock worth $130,000 after acquiring an additional 789 shares during the period. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Stock Up 2.7 %

Shares of SHG traded up $1.04 during midday trading on Wednesday, hitting $39.61. The company had a trading volume of 35,993 shares, compared to its average volume of 128,345. 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 Co., Ltd. has a 1 year low of $27.09 and a 1 year high of $46.05. The firm has a market capitalization of $20.18 billion, a P/E ratio of 6.05, a P/E/G ratio of 0.62 and a beta of 0.93. The company’s 50-day simple moving average is $41.10 and its 200-day simple moving average is $39.03.

Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings data on Friday, October 25th. The bank reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. The business had revenue of $3.11 billion for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. As a group, sell-side analysts expect that Shinhan Financial Group Co., Ltd. will post 6.32 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.