Groupama Asset Managment lessened its holdings in shares of Shinhan Financial Group Co Ltd (NYSE:SHG – Free Report) by 56.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,764 shares of the bank’s stock after selling 10,079 shares during the quarter. Groupama Asset Managment’s holdings in Shinhan Financial Group were worth $476,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in SHG. Brown Brothers Harriman & Co. increased its holdings in shares of 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 acquiring an additional 200 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Shinhan Financial Group during the fourth quarter worth approximately $38,000. Bell Investment Advisors Inc boosted its position in Shinhan Financial Group by 31.3% during the first quarter. Bell Investment Advisors Inc now owns 747 shares of the bank’s stock worth $46,000 after purchasing an additional 178 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Shinhan Financial Group by 6,238.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 824 shares of the bank’s stock valued at $44,000 after purchasing an additional 811 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised 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 purchasing an additional 850 shares during the period. Institutional investors own 7.76% of the company’s stock.
Shinhan Financial Group Trading Down 0.2%
Shares of SHG stock opened at $69.78 on Monday. The firm has a market capitalization of $33.12 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 0.53 and a beta of 0.94. Shinhan Financial Group Co Ltd has a 1 year low of $46.26 and a 1 year high of $73.80. The firm’s fifty day simple moving average is $67.47 and its 200 day simple moving average is $65.00. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.43.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Weiss Ratings upgraded shares of Shinhan Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.
Check Out Our Latest Report on Shinhan Financial Group
About Shinhan Financial Group
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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