Public Employees Retirement System of Ohio Purchases 8,646 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Public Employees Retirement System of Ohio raised its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,024 shares of the bank's stock after buying an additional 8,646 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Shinhan Financial Group were worth $2,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp increased its stake in Shinhan Financial Group by 249.2% during the 4th quarter. Northern Trust Corp now owns 1,445,120 shares of the bank's stock worth $47,516,000 after acquiring an additional 1,031,257 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Shinhan Financial Group by 4.4% during the 4th quarter. Lazard Asset Management LLC now owns 1,353,820 shares of the bank's stock worth $44,513,000 after purchasing an additional 57,640 shares in the last quarter. American Century Companies Inc. raised its stake in Shinhan Financial Group by 5.7% in the fourth quarter. American Century Companies Inc. now owns 786,028 shares of the bank's stock valued at $25,845,000 after purchasing an additional 42,575 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in 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 worth $18,365,000 after purchasing an additional 71,574 shares during the period. Finally, Causeway Capital Management LLC lifted its position in Shinhan Financial Group by 6.8% during the fourth quarter. Causeway Capital Management LLC now owns 325,639 shares of the bank's stock worth $10,707,000 after purchasing an additional 20,766 shares during the period. 7.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a research report on Monday, May 19th.

Shinhan Financial Group Price Performance

Shinhan Financial Group stock traded up $0.01 during midday trading on Tuesday, reaching $40.53. The company's stock had a trading volume of 113,881 shares, compared to its average volume of 180,988. The business has a 50-day moving average price of $35.26 and a 200-day moving average price of $34.81. The stock has a market cap of $20.10 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84. Shinhan Financial Group Co., Ltd. has a 52 week low of $28.76 and a 52 week high of $46.05. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The firm had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. On average, sell-side analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current year.

Shinhan Financial Group Company 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.