Assetmark Inc. lifted its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG – Get Rating) by 32.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,571 shares of the bank's stock after acquiring an additional 1,130 shares during the quarter. Assetmark Inc.'s holdings in Shinhan Financial Group were worth $105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Brinker Capital Investments LLC boosted its holdings in shares of Shinhan Financial Group by 9.0% in the 2nd quarter. Brinker Capital Investments LLC now owns 81,504 shares of the bank's stock worth $2,328,000 after acquiring an additional 6,713 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its stake in Shinhan Financial Group by 9.7% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 25,314 shares of the bank's stock worth $723,000 after purchasing an additional 2,244 shares during the period. Henry James International Management Inc. acquired a new position in Shinhan Financial Group in the 2nd quarter worth $357,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Shinhan Financial Group by 16.4% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 65,545 shares of the bank's stock worth $1,872,000 after buying an additional 9,242 shares during the last quarter. Finally, Calamos Advisors LLC boosted its stake in shares of Shinhan Financial Group by 4.6% during the 3rd quarter. Calamos Advisors LLC now owns 31,516 shares of the bank's stock worth $725,000 after buying an additional 1,395 shares during the last quarter. 2.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Shinhan Financial Group from a "buy" rating to a "strong-buy" rating in a report on Thursday, January 5th.

Shinhan Financial Group Stock Up 1.7 %

Shinhan Financial Group (NYSE:SHG – Get Rating) last released its quarterly earnings results on Monday, November 14th. The bank reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.15. Shinhan Financial Group had a net margin of 22.61% and a return on equity of 9.52%. The firm had revenue of $2.98 billion for the quarter. As a group, analysts expect that Shinhan Financial Group Co., Ltd. will post 6.68 EPS for the current year.

About Shinhan Financial Group

(Get Rating)

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, Life 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.

Further Reading

• Get a free copy of the StockNews.com research report on Shinhan Financial Group (SHG)
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