Shinhan Financial Group Co Ltd (NYSE:SHG) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lowered its position in Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) by 19.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,065 shares of the bank's stock after selling 5,295 shares during the quarter. Schechter Investment Advisors LLC's holdings in Shinhan Financial Group were worth $708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHG. Bessemer Group Inc. increased its holdings in shares of Shinhan Financial Group by 14.7% in the first quarter. Bessemer Group Inc. now owns 4,077 shares of the bank's stock valued at $131,000 after purchasing an additional 522 shares during the period. Jane Street Group LLC acquired a new position in shares of Shinhan Financial Group in the fourth quarter valued at approximately $690,000. GAMMA Investing LLC lifted its position in Shinhan Financial Group by 2,895.7% during the first quarter. GAMMA Investing LLC now owns 47,093 shares of the bank's stock worth $1,468,000 after buying an additional 45,521 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Shinhan Financial Group by 19.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,976 shares of the bank's stock worth $320,000 after purchasing an additional 1,655 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Shinhan Financial Group by 45.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 27,201 shares of the bank's stock worth $873,000 after purchasing an additional 8,507 shares during the period. Institutional investors and hedge funds own 7.76% of the company's stock.

Shinhan Financial Group Trading Down 1.7%

Shares of SHG stock traded down $0.84 during trading hours on Friday, reaching $49.13. 48,391 shares of the stock traded hands, compared to its average volume of 197,584. Shinhan Financial Group Co Ltd has a 1-year low of $28.76 and a 1-year high of $51.48. 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 firm has a market capitalization of $24.36 billion, a PE ratio of 6.40, a PEG ratio of 0.61 and a beta of 0.92. The business has a fifty day moving average price of $43.26 and a 200 day moving average price of $36.88.

Analysts Set New Price Targets

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

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.