Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC increased its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,353,820 shares of the bank's stock after purchasing an additional 57,640 shares during the period. Lazard Asset Management LLC owned approximately 0.27% of Shinhan Financial Group worth $44,513,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Shinhan Financial Group in the fourth quarter valued at about $43,000. R Squared Ltd purchased a new position in Shinhan Financial Group in the fourth quarter valued at about $76,000. Tower Research Capital LLC TRC increased its holdings in Shinhan Financial Group by 1,884.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank's stock valued at $95,000 after buying an additional 2,751 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Shinhan Financial Group during the 4th quarter worth approximately $125,000. Finally, Sterling Capital Management LLC increased its stake in shares of Shinhan Financial Group by 8.1% during the 4th quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock worth $183,000 after purchasing an additional 415 shares in the last quarter. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Price Performance

Shares of SHG traded down $0.06 during mid-day trading on Friday, reaching $37.28. 116,422 shares of the company's stock were exchanged, compared to its average volume of 178,001. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The company has a 50-day simple moving average of $33.63 and a two-hundred day simple moving average of $34.79. 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 market cap of $18.77 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 0.44 and a beta of 0.84.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings results 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 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 fiscal 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.