M&T Bank Corp Takes Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

M&T Bank Corp acquired a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) during the third quarter, HoldingsChannel.com reports. The fund acquired 5,590 shares of the bank’s stock, valued at approximately $237,000.

Several other large investors also recently added to or reduced their stakes in SHG. Pzena Investment Management LLC raised its position in Shinhan Financial Group by 27.9% in the second quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank’s stock worth $37,684,000 after acquiring an additional 236,236 shares during the period. American Century Companies Inc. increased its stake in shares of Shinhan Financial Group by 7.8% in the 2nd quarter. American Century Companies Inc. now owns 646,749 shares of the bank’s stock worth $22,513,000 after purchasing an additional 46,720 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Shinhan Financial Group by 21.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,976 shares of the bank’s stock worth $20,633,000 after purchasing an additional 85,539 shares during the period. Acadian Asset Management LLC lifted its position in Shinhan Financial Group by 16.2% during the second quarter. Acadian Asset Management LLC now owns 319,186 shares of the bank’s stock valued at $11,106,000 after purchasing an additional 44,402 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Shinhan Financial Group by 34.5% during the second quarter. Clearbridge Investments LLC now owns 163,705 shares of the bank’s stock valued at $5,699,000 after purchasing an additional 41,992 shares during the period. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Stock Down 0.7 %

NYSE SHG opened at $33.73 on Friday. Shinhan Financial Group Co., Ltd. has a 52 week low of $27.09 and a 52 week high of $46.05. 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 market capitalization of $16.98 billion, a P/E ratio of 5.30, a price-to-earnings-growth ratio of 0.57 and a beta of 0.92. The stock’s 50-day moving average price is $38.95 and its 200-day moving average price is $39.32.

Shinhan Financial Group (NYSE:SHG) last released its earnings results on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The company had revenue of $3.11 billion for the quarter. On average, equities research analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share 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.