Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Acquired by Causeway Capital Management LLC

Causeway Capital Management LLC raised its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325,639 shares of the bank's stock after acquiring an additional 20,766 shares during the period. Causeway Capital Management LLC owned approximately 0.06% of Shinhan Financial Group worth $10,707,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC increased its holdings in shares of Shinhan Financial Group by 8.1% during the fourth quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock valued at $183,000 after acquiring an additional 415 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Shinhan Financial Group during the 4th quarter worth approximately $574,000. Renaissance Technologies LLC increased its stake in Shinhan Financial Group by 606.8% during the 4th quarter. Renaissance Technologies LLC now owns 177,400 shares of the bank's stock valued at $5,833,000 after purchasing an additional 152,300 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Shinhan Financial Group by 12.8% in the fourth quarter. Cerity Partners LLC now owns 28,238 shares of the bank's stock worth $1,008,000 after buying an additional 3,209 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Shinhan Financial Group during the fourth quarter worth $477,000. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Performance

Shares of NYSE SHG traded down $0.28 during mid-day trading on Friday, hitting $33.29. The stock had a trading volume of 180,058 shares, compared to its average volume of 171,558. The firm has a market cap of $16.76 billion, a PE ratio of 5.23, a PEG ratio of 0.44 and a beta of 0.85. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50 day moving average of $32.43 and a two-hundred day moving average of $35.62. Shinhan Financial Group Co., Ltd. has a twelve month low of $28.76 and a twelve month high of $46.05.

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