B. Metzler seel. Sohn & Co. AG Cuts Stock Position in Shinhan Financial Group Co Ltd $SHG

Key Points

• 33.6% stake reduction: B. Metzler seel. Sohn & Co. AG sold 33,100 shares of Shinhan Financial Group during Q4, leaving 65,459 shares valued at approximately $3.514 million per its latest SEC filing.
• Analyst sentiment is bullish—Weiss reissued a buy, Zacks upgraded SHG to a strong-buy, and MarketBeat shows an average rating of "Strong Buy."
• Stock fundamentals: SHG has a market capitalization of about $31.47 billion, a low P/E of 7.36, and a 52-week range of $34.19–$73.40.

B. Metzler seel. Sohn & Co. AG lowered its holdings in Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) by 33.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,459 shares of the bank's stock after selling 33,100 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Shinhan Financial Group were worth $3,514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SHG. Northwestern Mutual Wealth Management Co. boosted its position in 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 worth $41,000 after purchasing an additional 850 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in Shinhan Financial Group in the third quarter worth $42,000. Osaic Holdings Inc. boosted its position in Shinhan Financial Group by 387.3% in the second quarter. Osaic Holdings Inc. now owns 1,306 shares of the bank's stock worth $59,000 after purchasing an additional 1,038 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Shinhan Financial Group by 3,831.3% in the third quarter. Smartleaf Asset Management LLC now owns 1,887 shares of the bank's stock worth $95,000 after purchasing an additional 1,839 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its position in Shinhan Financial Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 2,062 shares of the bank's stock worth $104,000 after purchasing an additional 1,031 shares during the last quarter. Hedge funds and other institutional investors own 7.76% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on SHG shares. Weiss Ratings reissued a "buy (b)" rating on shares of Shinhan Financial Group in a research report on Friday, March 27th. Zacks Research raised Shinhan Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, Shinhan Financial Group presently has an average rating of "Strong Buy".

Shinhan Financial Group Stock Performance

Shares of SHG opened at $66.31 on Friday. The stock's 50-day simple moving average is $64.61 and its 200 day simple moving average is $58.23. The stock has a market capitalization of $31.47 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 0.53 and a beta of 0.96. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.03 and a current ratio of 1.00. Shinhan Financial Group Co Ltd has a 52-week low of $34.19 and a 52-week high of $73.40.

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.

Want to see what other hedge funds are holding SHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.