Public Employees Retirement System of Ohio Makes New Investment in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Public Employees Retirement System of Ohio purchased a new stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 52,378 shares of the bank’s stock, valued at approximately $2,219,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Groupama Asset Managment purchased a new position in Shinhan Financial Group during the third quarter valued at approximately $472,000. Stifel Financial Corp grew its position in shares of Shinhan Financial Group by 121.8% during the 3rd quarter. Stifel Financial Corp now owns 27,782 shares of the bank’s stock valued at $1,177,000 after purchasing an additional 15,256 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Shinhan Financial Group by 24.5% in the third quarter. Quantinno Capital Management LP now owns 30,174 shares of the bank’s stock worth $1,279,000 after purchasing an additional 5,934 shares during the period. HighTower Advisors LLC bought a new position in shares of Shinhan Financial Group in the third quarter worth $274,000. Finally, Centiva Capital LP purchased a new stake in shares of Shinhan Financial Group in the third quarter worth $409,000. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Price Performance

Shinhan Financial Group stock opened at $34.14 on Wednesday. The stock has a market cap of $17.19 billion, a price-to-earnings ratio of 5.36, a PEG ratio of 0.57 and a beta of 0.92. 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 business has a 50-day simple moving average of $39.27 and a 200 day simple moving average of $39.40. Shinhan Financial Group Co., Ltd. has a 52 week low of $27.09 and a 52 week high of $46.05.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings data on Friday, October 25th. The bank reported $1.76 EPS for the quarter, topping the consensus estimate of $1.74 by $0.02. The company had revenue of $3.11 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. On average, research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current fiscal 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.