Bleakley Financial Group LLC Increases Stock Position in Shinhan Financial Group Co Ltd $SHG

Bleakley Financial Group LLC lifted its position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 12.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 15,061 shares of the bank’s stock after buying an additional 1,710 shares during the quarter. Bleakley Financial Group LLC’s holdings in Shinhan Financial Group were worth $680,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wayfinding Financial LLC purchased a new position in shares of Shinhan Financial Group during the first quarter valued at approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Shinhan Financial Group during the first quarter valued at approximately $28,000. Farther Finance Advisors LLC lifted its stake in shares of Shinhan Financial Group by 240.7% during the second quarter. Farther Finance Advisors LLC now owns 1,908 shares of the bank’s stock valued at $86,000 after buying an additional 1,348 shares during the period. GAMMA Investing LLC lifted its stake in shares of Shinhan Financial Group by 124.9% during the second quarter. GAMMA Investing LLC now owns 3,301 shares of the bank’s stock valued at $149,000 after buying an additional 1,833 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Shinhan Financial Group by 14.7% during the first quarter. Bessemer Group Inc. now owns 4,077 shares of the bank’s stock valued at $131,000 after buying an additional 522 shares during the period. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

Shares of SHG stock opened at $51.58 on Monday. Shinhan Financial Group Co Ltd has a one year low of $28.76 and a one year high of $53.42. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50 day moving average price of $49.40 and a 200 day moving average price of $44.96. The firm has a market capitalization of $25.04 billion, a price-to-earnings ratio of 5.17, a price-to-earnings-growth ratio of 0.56 and a beta of 0.94.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SHG shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Shinhan Financial Group in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Zacks Research lowered shares of Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Shinhan Financial Group 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.