Franklin Resources Inc. Boosts Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Franklin Resources Inc. boosted its position in Shinhan Financial Group Co., Ltd. (NYSE:SHGFree Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,862 shares of the bank’s stock after purchasing an additional 726 shares during the quarter. Franklin Resources Inc.’s holdings in Shinhan Financial Group were worth $919,000 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. GAMMA Investing LLC purchased a new stake in Shinhan Financial Group in the 4th quarter worth approximately $29,000. Allspring Global Investments Holdings LLC raised its position in shares of Shinhan Financial Group by 27.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,612 shares of the bank’s stock valued at $50,000 after buying an additional 349 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Shinhan Financial Group during the 3rd quarter valued at $53,000. Janiczek Wealth Management LLC raised its position in shares of Shinhan Financial Group by 44.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 2,305 shares of the bank’s stock valued at $71,000 after buying an additional 704 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in Shinhan Financial Group by 19.7% during the fourth quarter. Lindbrook Capital LLC now owns 4,657 shares of the bank’s stock valued at $143,000 after purchasing an additional 767 shares in the last quarter. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Down 0.1 %

Shares of NYSE SHG opened at $33.60 on Friday. The stock has a market capitalization of $17.12 billion, a P/E ratio of 5.54, a PEG ratio of 0.57 and a beta of 0.93. Shinhan Financial Group Co., Ltd. has a one year low of $24.99 and a one year high of $38.65. The firm’s 50 day simple moving average is $33.51 and its two-hundred day simple moving average is $32.00. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.02 and a quick ratio of 1.02.

Shinhan Financial Group (NYSE:SHGGet Free Report) last released its earnings results on Thursday, April 18th. The bank reported $0.75 EPS for the quarter. The company had revenue of $3.14 billion for the quarter. Shinhan Financial Group had a net margin of 12.76% and a return on equity of 7.23%. As a group, analysts expect that Shinhan Financial Group Co., Ltd. will post 6.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Shinhan Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday.

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Shinhan Financial Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Shinhan Financial Group (NYSE:SHG)

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