AMG National Trust Bank Makes New Investment in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

AMG National Trust Bank acquired a new position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 30,703 shares of the bank’s stock, valued at approximately $1,009,000.

Several other large investors also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Shinhan Financial Group by 21.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,976 shares of the bank’s stock valued at $20,633,000 after buying an additional 85,539 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Shinhan Financial Group during the third quarter valued at approximately $2,982,000. Public Employees Retirement System of Ohio purchased a new position in shares of Shinhan Financial Group during the third quarter valued at approximately $2,219,000. Yousif Capital Management LLC boosted its position in shares of Shinhan Financial Group by 514.6% during the fourth quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank’s stock valued at $1,551,000 after buying an additional 39,500 shares during the period. Finally, Pathstone Holdings LLC boosted its position in shares of Shinhan Financial Group by 103.9% during the third quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank’s stock valued at $3,060,000 after buying an additional 36,815 shares during the period. 7.76% of the stock is owned by institutional investors.

Shinhan Financial Group Stock Down 1.6 %

Shares of NYSE SHG opened at $31.68 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $15.95 billion, a price-to-earnings ratio of 4.97, a PEG ratio of 0.44 and a beta of 0.89. The stock has a 50 day moving average price of $33.91 and a 200 day moving average price of $37.90. Shinhan Financial Group Co., Ltd. has a 52-week low of $29.25 and a 52-week high of $46.05.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The firm had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. Sell-side analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current 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.