AMG National Trust Bank Boosts Stock Position in Shinhan Financial Group Co Ltd (NYSE:SHG)

AMG National Trust Bank lifted its holdings in shares of Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) by 68.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,845 shares of the bank's stock after acquiring an additional 21,142 shares during the quarter. AMG National Trust Bank's holdings in Shinhan Financial Group were worth $1,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wayfinding Financial LLC bought a new position in shares of Shinhan Financial Group during the first quarter valued at $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of Shinhan Financial Group in the 1st quarter valued at approximately $28,000. Tower Research Capital LLC TRC lifted its stake in shares of Shinhan Financial Group by 1,884.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank's stock valued at $95,000 after purchasing an additional 2,751 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Shinhan Financial Group in the 4th quarter valued at approximately $125,000. Finally, Bessemer Group Inc. lifted its stake in shares of Shinhan Financial Group by 14.7% during the 1st quarter. Bessemer Group Inc. now owns 4,077 shares of the bank's stock worth $131,000 after acquiring an additional 522 shares during the last quarter. Institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Stock Up 1.0%

Shares of NYSE SHG traded up $0.48 during mid-day trading on Monday, reaching $49.77. 128,544 shares of the company were exchanged, compared to its average volume of 198,478. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.51. The stock has a market cap of $24.68 billion, a price-to-earnings ratio of 6.48, a P/E/G ratio of 0.61 and a beta of 0.92. Shinhan Financial Group Co Ltd has a 1 year low of $28.76 and a 1 year high of $51.48. The firm has a 50-day moving average of $43.52 and a 200 day moving average of $37.05.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Shinhan Financial Group from a "hold" rating to a "buy" rating in a research note on Monday, May 19th.

About Shinhan Financial Group

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.