Natural Investments LLC Sells 25,470 Shares of Shinhan Financial Group Co Ltd $SHG

Key Points

• Natural Investments LLC cut its Shinhan Financial Group stake by 88% in the second quarter, selling 25,470 shares and retaining 3,477 shares valued at approximately $219,000.
• SHG shares rose 1.9% to $81.44, near their 52-week high of $81.90. The company reported quarterly EPS of $2.26 on revenue of $2.96 billion, with a 15.69% net margin.
• Analyst sentiment remains positive: Zacks Research upgraded the stock to “strong buy,” while the two analysts tracked by MarketBeat rate it either “Strong Buy” or “Buy.”

Natural Investments LLC reduced its holdings in shares of Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) by 88.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,477 shares of the bank's stock after selling 25,470 shares during the period. Natural Investments LLC's holdings in Shinhan Financial Group were worth $219,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SHG. Brown Brothers Harriman & Co. grew its position in shares of Shinhan Financial Group by 71.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 481 shares of the bank's stock valued at $26,000 after acquiring an additional 200 shares during the period. Kestra Advisory Services LLC bought a new position in Shinhan Financial Group in the 4th quarter worth $38,000. Northwestern Mutual Wealth Management Co. lifted its position in Shinhan Financial Group by 1,465.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 908 shares of the bank's stock valued at $41,000 after purchasing an additional 850 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Shinhan Financial Group by 6,238.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 824 shares of the bank's stock valued at $44,000 after purchasing an additional 811 shares in the last quarter. Finally, Bell Investment Advisors Inc grew its holdings in Shinhan Financial Group by 31.3% during the first quarter. Bell Investment Advisors Inc now owns 747 shares of the bank's stock valued at $46,000 after purchasing an additional 178 shares during the period. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Stock Up 1.9%

SHG opened at $81.44 on Thursday. The stock has a market cap of $38.23 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.60 and a beta of 0.96. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.98 and a current ratio of 0.98. The firm's fifty day moving average is $72.00 and its 200 day moving average is $67.57. Shinhan Financial Group Co Ltd has a fifty-two week low of $46.26 and a fifty-two week high of $81.90.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The bank reported $2.26 EPS for the quarter. Shinhan Financial Group had a return on equity of 8.63% and a net margin of 15.69%.The business had revenue of $2.96 billion for the quarter. On average, sell-side analysts forecast that Shinhan Financial Group Co Ltd will post 8.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings restated a "buy (b)" rating on shares of Shinhan Financial Group in a research report on Friday, August 14th. Zacks Research raised Shinhan Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, Shinhan Financial Group presently has an average rating of "Strong Buy".

Shinhan Financial Group Company Profile

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.

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