US Bancorp DE Acquires 3,160 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

US Bancorp DE grew its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 57.9% in the first quarter, HoldingsChannel.com reports. The fund owned 8,619 shares of the bank’s stock after purchasing an additional 3,160 shares during the quarter. US Bancorp DE’s holdings in Shinhan Financial Group were worth $321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. acquired a new stake in Shinhan Financial Group during the 4th quarter worth approximately $2,251,000. Comerica Bank increased its stake in Shinhan Financial Group by 1.0% during the 4th quarter. Comerica Bank now owns 28,336 shares of the bank’s stock worth $1,074,000 after acquiring an additional 283 shares during the period. Henry James International Management Inc. bought a new position in Shinhan Financial Group during the 4th quarter worth $507,000. Greenleaf Trust increased its stake in Shinhan Financial Group by 37.7% during the 4th quarter. Greenleaf Trust now owns 12,311 shares of the bank’s stock worth $437,000 after acquiring an additional 3,370 shares during the period. Finally, Lindbrook Capital LLC bought a new position in Shinhan Financial Group during the 4th quarter worth $59,000. 2.85% of the stock is owned by hedge funds and other institutional investors.

Shares of SHG opened at $37.92 on Friday. Shinhan Financial Group Co., Ltd. has a 52-week low of $34.02 and a 52-week high of $41.79. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $17.85 billion, a PE ratio of 3.17, a price-to-earnings-growth ratio of 1.85 and a beta of 0.82.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Tuesday, April 30th. The bank reported $7.16 earnings per share (EPS) for the quarter. Shinhan Financial Group had a return on equity of 12.82% and a net margin of 18.62%. The company had revenue of $6.85 billion for the quarter. Equities research analysts expect that Shinhan Financial Group Co., Ltd. will post 5.75 earnings per share for the current year.

A number of equities analysts have commented on the company. Bank of America lowered Shinhan Financial Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 28th. Zacks Investment Research lowered Shinhan Financial Group from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, March 20th.

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Shinhan Financial Group Company Profile

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through five segments: Banking, Credit Cards, Securities, Life Insurance, and Others. It offers retail banking services, including mortgage and home equity, and retail lending; demand, savings, and fixed deposit-taking; checking accounts; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.

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Want to see what other hedge funds are holding SHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shinhan Financial Group Co., Ltd. (NYSE:SHG).

Institutional Ownership by Quarter for Shinhan Financial Group (NYSE:SHG)

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