O Shaughnessy Asset Management LLC Buys 20,217 Shares of Shinhan Financial Group Co Ltd $SHG

O Shaughnessy Asset Management LLC increased its stake in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,096 shares of the bank’s stock after acquiring an additional 20,217 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Shinhan Financial Group were worth $10,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SHG. American Century Companies Inc. grew its position in shares of Shinhan Financial Group by 11.3% in the 3rd quarter. American Century Companies Inc. now owns 1,089,798 shares of the bank’s stock worth $54,893,000 after buying an additional 110,787 shares during the last quarter. Banque Pictet & Cie SA bought a new stake in shares of Shinhan Financial Group in the 4th quarter worth approximately $464,000. Arbiter Partners Capital Management LLC grew its position in shares of Shinhan Financial Group by 246.4% in the 3rd quarter. Arbiter Partners Capital Management LLC now owns 137,169 shares of the bank’s stock worth $6,909,000 after buying an additional 97,569 shares during the last quarter. Investment Research Partners LLC bought a new stake in shares of Shinhan Financial Group in the 3rd quarter worth approximately $757,000. Finally, Causeway Capital Management LLC grew its position in shares of Shinhan Financial Group by 2.9% in the 3rd quarter. Causeway Capital Management LLC now owns 565,975 shares of the bank’s stock worth $28,508,000 after buying an additional 15,837 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SHG shares. Weiss Ratings upgraded Shinhan Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, May 19th. Zacks Research lowered Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Shinhan Financial Group Trading Down 2.2%

SHG opened at $64.52 on Thursday. The stock has a market cap of $30.62 billion, a PE ratio of 7.01, a PEG ratio of 0.52 and a beta of 0.93. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.54. The business has a 50 day moving average of $65.42 and a 200-day moving average of $61.16. Shinhan Financial Group Co Ltd has a 52 week low of $42.71 and a 52 week high of $73.40.

Shinhan Financial Group (NYSE:SHG) last released its earnings results on Tuesday, March 31st. The bank reported $1.98 EPS for the quarter. Shinhan Financial Group had a return on equity of 11.02% and a net margin of 20.07%. Equities research analysts predict that Shinhan Financial Group Co Ltd will post 7.99 earnings per share for the current fiscal year.

About Shinhan Financial Group

Shinhan Financial Group is a South Korea–based financial holding company headquartered in Seoul. Established in 2001 as a banking and financial services group, it brings together a range of financial subsidiaries operating under the Shinhan brand, including commercial banking, card services, life insurance, securities and asset management businesses. The group serves both retail and corporate clients and is one of the leading diversified financial institutions in Korea.

The company’s principal activities span retail and corporate banking, credit card issuance and payment services, life insurance and related protection products, brokerage and investment banking, and asset and wealth management.