NewEdge Wealth LLC increased its position in Shinhan Financial Group Co Ltd (NYSE:SHG – Free Report) by 10.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,659 shares of the bank’s stock after buying an additional 10,050 shares during the quarter. NewEdge Wealth LLC’s holdings in Shinhan Financial Group were worth $6,295,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its position in Shinhan Financial Group by 71.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 481 shares of the bank’s stock valued at $26,000 after buying an additional 200 shares during the period. Kestra Advisory Services LLC bought a new stake in Shinhan Financial Group in the 4th quarter worth $38,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Shinhan Financial Group by 1,465.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 908 shares of the bank’s stock valued at $41,000 after acquiring an additional 850 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Shinhan Financial Group by 6,238.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 824 shares of the bank’s stock valued at $44,000 after acquiring an additional 811 shares during the period. Finally, Bell Investment Advisors Inc raised its stake in shares of Shinhan Financial Group by 31.3% during the first quarter. Bell Investment Advisors Inc now owns 747 shares of the bank’s stock valued at $46,000 after acquiring an additional 178 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors.
Shinhan Financial Group Stock Performance
Shares of SHG stock opened at $71.56 on Friday. The firm has a market capitalization of $33.96 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 0.56 and a beta of 0.94. The stock has a fifty day moving average of $66.68 and a 200 day moving average of $64.32. Shinhan Financial Group Co Ltd has a 52 week low of $46.26 and a 52 week high of $73.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.43.
Analyst Ratings Changes
SHG has been the subject of a number of analyst reports. Zacks Research lowered shares of Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings upgraded Shinhan Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Read Our Latest Report on Shinhan Financial Group
Shinhan Financial Group Profile
Shinhan Financial Group is a South Korea–based financial holding company headquartered in Seoul. Established in 2001 as a banking and financial services group, it brings together a range of financial subsidiaries operating under the Shinhan brand, including commercial banking, card services, life insurance, securities and asset management businesses. The group serves both retail and corporate clients and is one of the leading diversified financial institutions in Korea.
The company’s principal activities span retail and corporate banking, credit card issuance and payment services, life insurance and related protection products, brokerage and investment banking, and asset and wealth management.
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