19,555 Shares in Shinhan Financial Group Co., Ltd. (NYSE:SHG) Bought by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC acquired a new position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,555 shares of the bank's stock, valued at approximately $627,000.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. raised its holdings in shares of Shinhan Financial Group by 4.3% in the fourth quarter. Ameriprise Financial Inc. now owns 8,575 shares of the bank's stock valued at $282,000 after purchasing an additional 351 shares during the last quarter. Aquatic Capital Management LLC boosted its stake in shares of Shinhan Financial Group by 2.8% in the 4th quarter. Aquatic Capital Management LLC now owns 14,471 shares of the bank's stock worth $476,000 after buying an additional 392 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Shinhan Financial Group by 8.1% in the fourth quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock valued at $183,000 after acquiring an additional 415 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Shinhan Financial Group by 5.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,321 shares of the bank's stock valued at $274,000 after acquiring an additional 442 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in Shinhan Financial Group by 11.7% during the fourth quarter. M&T Bank Corp now owns 6,245 shares of the bank's stock worth $205,000 after acquiring an additional 655 shares during the period. 7.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a report on Monday, May 19th.

Shinhan Financial Group Stock Performance

NYSE SHG traded down $0.55 on Thursday, hitting $42.76. 74,076 shares of the stock traded hands, compared to its average volume of 181,665. The firm has a market capitalization of $21.20 billion, a price-to-earnings ratio of 6.71, a PEG ratio of 0.44 and a beta of 0.84. The business's fifty day moving average is $35.65 and its two-hundred day moving average is $34.90. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. Shinhan Financial Group Co., Ltd. has a 12 month low of $28.76 and a 12 month high of $46.05.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The company had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. As a group, equities analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal year.

Shinhan Financial Group Company 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.