Pzena Investment Management LLC Has $26.48 Million Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Pzena Investment Management LLC increased its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 860,127 shares of the bank’s stock after purchasing an additional 830 shares during the quarter. Pzena Investment Management LLC owned approximately 0.17% of Shinhan Financial Group worth $26,475,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. American Century Companies Inc. boosted its holdings in shares of Shinhan Financial Group by 9.2% during the third quarter. American Century Companies Inc. now owns 514,638 shares of the bank’s stock worth $13,633,000 after purchasing an additional 43,516 shares during the period. Brandes Investment Partners LP boosted its holdings in shares of Shinhan Financial Group by 54.3% during the fourth quarter. Brandes Investment Partners LP now owns 483,643 shares of the bank’s stock worth $14,887,000 after purchasing an additional 170,135 shares during the period. Ramirez Asset Management Inc. bought a new position in Shinhan Financial Group during the third quarter valued at approximately $4,407,000. Rhumbline Advisers raised its position in Shinhan Financial Group by 2.1% during the third quarter. Rhumbline Advisers now owns 158,231 shares of the bank’s stock valued at $4,192,000 after acquiring an additional 3,320 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Shinhan Financial Group by 10.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 148,748 shares of the bank’s stock valued at $3,940,000 after acquiring an additional 14,474 shares in the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th.

Shinhan Financial Group Stock Down 0.8 %

SHG traded down $0.28 during midday trading on Thursday, hitting $34.79. 24,667 shares of the company’s stock traded hands, compared to its average volume of 132,562. The company has a market cap of $17.72 billion, a PE ratio of 5.67, a price-to-earnings-growth ratio of 0.62 and a beta of 0.92. The stock’s fifty day simple moving average is $34.10 and its 200-day simple moving average is $31.49. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.02 and a quick ratio of 1.02. Shinhan Financial Group Co., Ltd. has a one year low of $24.99 and a one year high of $38.65.

Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings results on Thursday, April 18th. The bank reported $0.75 EPS for the quarter. Shinhan Financial Group had a net margin of 13.45% and a return on equity of 7.47%. The company had revenue of $3.14 billion for the quarter. As a group, equities analysts anticipate that Shinhan Financial Group Co., Ltd. will post 6.21 earnings per share 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.