HB Wealth Management LLC Makes New Investment in Shinhan Financial Group Co Ltd (NYSE:SHG)

HB Wealth Management LLC acquired a new stake in shares of Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,322 shares of the bank's stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHG. Northern Trust Corp increased its holdings in Shinhan Financial Group by 249.2% in the 4th quarter. Northern Trust Corp now owns 1,445,120 shares of the bank's stock valued at $47,516,000 after buying an additional 1,031,257 shares during the period. Lazard Asset Management LLC increased its holdings in Shinhan Financial Group by 4.4% in the 4th quarter. Lazard Asset Management LLC now owns 1,353,820 shares of the bank's stock valued at $44,513,000 after buying an additional 57,640 shares during the period. Pzena Investment Management LLC increased its holdings in Shinhan Financial Group by 0.4% in the 1st quarter. Pzena Investment Management LLC now owns 1,078,696 shares of the bank's stock valued at $34,605,000 after buying an additional 4,645 shares during the period. Causeway Capital Management LLC boosted its stake in shares of Shinhan Financial Group by 6.8% in the 4th quarter. Causeway Capital Management LLC now owns 325,639 shares of the bank's stock valued at $10,707,000 after purchasing an additional 20,766 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Shinhan Financial Group by 1.2% in the 4th quarter. Wellington Management Group LLP now owns 266,596 shares of the bank's stock valued at $8,766,000 after purchasing an additional 3,144 shares in the last quarter. Institutional investors own 7.76% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a research note on Saturday.

Shinhan Financial Group Price Performance

Shares of NYSE:SHG traded up $0.75 on Tuesday, hitting $48.91. The stock had a trading volume of 216,794 shares, compared to its average volume of 276,797. The firm's 50 day moving average price is $45.95 and its 200-day moving average price is $38.21. The company has a market capitalization of $23.75 billion, a price-to-earnings ratio of 6.37, a price-to-earnings-growth ratio of 0.52 and a beta of 0.93. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.04 and a current ratio of 1.04. Shinhan Financial Group Co Ltd has a twelve month low of $28.76 and a twelve month high of $52.00.

Shinhan Financial Group 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.