HB Wealth Management LLC bought a new position in Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,322 shares of the bank's stock, valued at approximately $203,000.
Other hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position 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 acquiring an additional 351 shares during the period. Aquatic Capital Management LLC boosted its holdings in Shinhan Financial Group by 2.8% in the fourth quarter. Aquatic Capital Management LLC now owns 14,471 shares of the bank's stock worth $476,000 after purchasing an additional 392 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of Shinhan Financial Group by 8.1% during the 4th quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock valued at $183,000 after buying an additional 415 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Shinhan Financial Group by 5.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,321 shares of the bank's stock worth $274,000 after purchasing an additional 442 shares during the period. Finally, Bessemer Group Inc. lifted 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 valued at $131,000 after buying an additional 522 shares during the last quarter. Hedge funds and other institutional investors own 7.76% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Shinhan Financial Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd.
Check Out Our Latest Stock Analysis on SHG
Shinhan Financial Group Price Performance
Shares of Shinhan Financial Group stock traded down $0.01 during mid-day trading on Thursday, reaching $49.74. 58,531 shares of the stock traded hands, compared to its average volume of 235,645. Shinhan Financial Group Co Ltd has a fifty-two week low of $28.76 and a fifty-two week high of $52.00. The stock has a market capitalization of $24.15 billion, a PE ratio of 4.98, a PEG ratio of 0.53 and a beta of 0.93. 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 business has a 50-day moving average of $46.28 and a 200 day moving average of $38.36.
About Shinhan Financial Group
(
Free Report)
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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