Cerity Partners LLC Acquires 25,716 Shares of Shinhan Financial Group Co Ltd (NYSE:SHG)

Cerity Partners LLC grew its holdings in shares of Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) by 91.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,954 shares of the bank's stock after buying an additional 25,716 shares during the period. Cerity Partners LLC's holdings in Shinhan Financial Group were worth $1,731,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHG. Wayfinding Financial LLC bought a new position in shares of Shinhan Financial Group during the 1st quarter worth approximately $25,000. Tower Research Capital LLC TRC raised its position in shares of Shinhan Financial Group by 1,884.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank's stock worth $95,000 after purchasing an additional 2,751 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Shinhan Financial Group during the fourth quarter worth approximately $125,000. Bessemer Group Inc. raised its position in shares of Shinhan Financial Group by 14.7% during the first quarter. Bessemer Group Inc. now owns 4,077 shares of the bank's stock worth $131,000 after purchasing an additional 522 shares during the period. Finally, Sterling Capital Management LLC raised its position in shares of Shinhan Financial Group by 8.1% during the fourth quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock worth $183,000 after purchasing an additional 415 shares during the period. 7.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Shinhan Financial Group Price Performance

Shares of NYSE:SHG opened at $49.25 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.51. The stock's fifty day simple moving average is $43.52 and its two-hundred day simple moving average is $37.05. Shinhan Financial Group Co Ltd has a 1-year low of $28.76 and a 1-year high of $51.48. The stock has a market cap of $24.42 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 0.61 and a beta of 0.92.

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.

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