Y Intercept Hong Kong Ltd trimmed its position in Shinhan Financial Group Co Ltd (NYSE:SHG – Free Report) by 39.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,743 shares of the bank’s stock after selling 13,069 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Shinhan Financial Group were worth $1,211,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Millennium Management LLC grew its stake in shares of Shinhan Financial Group by 152.0% during the 1st quarter. Millennium Management LLC now owns 582,570 shares of the bank’s stock worth $18,689,000 after acquiring an additional 351,413 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Shinhan Financial Group by 57.9% during the first quarter. Goldman Sachs Group Inc. now owns 323,444 shares of the bank’s stock worth $10,376,000 after acquiring an additional 118,548 shares during the period. Lazard Asset Management LLC raised its stake in Shinhan Financial Group by 6.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,671,184 shares of the bank’s stock valued at $89,626,000 after purchasing an additional 94,449 shares in the last quarter. UBS Group AG raised its holdings in shares of Shinhan Financial Group by 129.1% during the 4th quarter. UBS Group AG now owns 151,613 shares of the bank’s stock worth $8,131,000 after buying an additional 85,446 shares in the last quarter. Finally, Laird Norton Wetherby Trust Company LLC acquired a new stake in Shinhan Financial Group in the fourth quarter valued at approximately $4,030,000. Institutional investors own 7.76% of the company’s stock.
Shinhan Financial Group Price Performance
SHG traded up $2.68 during trading on Friday, reaching $73.26. The stock had a trading volume of 149,981 shares, compared to its average volume of 279,290. The stock has a market cap of $34.77 billion, a PE ratio of 7.95, a PEG ratio of 0.56 and a beta of 0.94. Shinhan Financial Group Co Ltd has a one year low of $46.26 and a one year high of $73.80. The business has a 50-day moving average of $65.93 and a 200-day moving average of $63.14. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.00 and a current ratio of 1.00.
Analyst Upgrades and Downgrades
SHG has been the subject of several recent research reports. Zacks Research cut Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings upgraded shares of Shinhan Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Get Our Latest Stock Report on Shinhan Financial Group
Shinhan Financial Group Company 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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