Profund Advisors LLC Grows Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Profund Advisors LLC raised its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,537 shares of the bank’s stock after purchasing an additional 323 shares during the period. Profund Advisors LLC’s holdings in Shinhan Financial Group were worth $332,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Caprock Group LLC grew its stake in shares of Shinhan Financial Group by 2.1% during the 2nd quarter. Caprock Group LLC now owns 13,785 shares of the bank’s stock valued at $480,000 after buying an additional 286 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Shinhan Financial Group by 6.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,224 shares of the bank’s stock worth $251,000 after purchasing an additional 421 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Shinhan Financial Group by 2.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 19,063 shares of the bank’s stock valued at $587,000 after purchasing an additional 527 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Shinhan Financial Group by 1.5% during the 1st quarter. Signaturefd LLC now owns 36,655 shares of the bank’s stock worth $1,301,000 after purchasing an additional 545 shares during the period. Finally, Janiczek Wealth Management LLC grew its holdings in shares of Shinhan Financial Group by 25.2% during the 1st quarter. Janiczek Wealth Management LLC now owns 2,886 shares of the bank’s stock worth $103,000 after purchasing an additional 581 shares during the period. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Up 9.1 %

Shares of Shinhan Financial Group stock opened at $44.45 on Friday. Shinhan Financial Group Co., Ltd. has a twelve month low of $25.09 and a twelve month high of $46.05. The stock has a market cap of $22.64 billion, a price-to-earnings ratio of 7.19, a price-to-earnings-growth ratio of 0.74 and a beta of 0.92. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.50. The company has a fifty day moving average price of $41.70 and a 200 day moving average price of $37.08.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Friday, July 26th. The bank reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.19. The company had revenue of $3.25 billion during the quarter. Shinhan Financial Group had a return on equity of 7.16% and a net margin of 12.23%. Equities research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th.

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.