Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 1,834.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,999 shares of the bank's stock after purchasing an additional 81,553 shares during the quarter. JPMorgan Chase & Co.'s holdings in Shinhan Financial Group were worth $2,828,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. LPL Financial LLC increased its position in shares of Shinhan Financial Group by 24.6% during the fourth quarter. LPL Financial LLC now owns 9,750 shares of the bank's stock worth $321,000 after purchasing an additional 1,923 shares in the last quarter. American Century Companies Inc. increased its position in shares of Shinhan Financial Group by 5.7% during the fourth quarter. American Century Companies Inc. now owns 786,028 shares of the bank's stock worth $25,845,000 after purchasing an additional 42,575 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Shinhan Financial Group by 21.2% during the fourth quarter. Corient Private Wealth LLC now owns 24,730 shares of the bank's stock worth $813,000 after purchasing an additional 4,333 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position 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 worth $18,365,000 after purchasing an additional 71,574 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Shinhan Financial Group by 37.2% during the fourth quarter. HighTower Advisors LLC now owns 8,962 shares of the bank's stock worth $295,000 after buying an additional 2,430 shares during the last quarter. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Shinhan Financial Group Trading Up 0.3 %

NYSE SHG traded up $0.10 on Monday, reaching $34.74. 161,186 shares of the company were exchanged, compared to its average volume of 172,593. The business's fifty day moving average price is $32.49 and its 200 day moving average price is $35.22. The stock has a market capitalization of $17.49 billion, a P/E ratio of 5.45, a price-to-earnings-growth ratio of 0.44 and a beta of 0.85. 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 Co., Ltd. has a fifty-two week low of $28.76 and a fifty-two week high of $46.05.

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

Shinhan Financial Group 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.