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Sequoia Financial Advisors LLC Has $1.13 Million Holdings in Shinhan Financial Group Co Ltd $SHG

Shinhan Financial Group logo with Finance background

Key Points

  • Sequoia Financial Advisors LLC increased its stake in Shinhan Financial Group Co Ltd by 26% during the second quarter, bringing its total holdings to $1.13 million.
  • Several other institutional investors have also raised their stakes, with ownership by such investors now at 7.76% of the company's stock.
  • Shinhan Financial Group has received mixed analyst ratings, including a downgrade from Zacks Research to a "hold" while maintaining a "Moderate Buy" average rating.
  • MarketBeat previews top five stocks to own in November.

Sequoia Financial Advisors LLC boosted its stake in Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) by 26.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,934 shares of the bank's stock after purchasing an additional 5,150 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Shinhan Financial Group were worth $1,127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bessemer Group Inc. raised its stake in 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 in the last quarter. PDS Planning Inc raised its stake in Shinhan Financial Group by 4.1% in the second quarter. PDS Planning Inc now owns 14,232 shares of the bank's stock valued at $643,000 after purchasing an additional 561 shares in the last quarter. Invesco Ltd. raised its stake in Shinhan Financial Group by 1.7% in the first quarter. Invesco Ltd. now owns 39,492 shares of the bank's stock valued at $1,267,000 after purchasing an additional 649 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Shinhan Financial Group by 8.2% in the first quarter. Bank of New York Mellon Corp now owns 8,994 shares of the bank's stock valued at $289,000 after purchasing an additional 682 shares in the last quarter. Finally, M&T Bank Corp raised its stake in Shinhan Financial Group by 12.5% in the first quarter. M&T Bank Corp now owns 7,026 shares of the bank's stock valued at $225,000 after purchasing an additional 781 shares in the last quarter. Institutional investors and hedge funds own 7.76% of the company's stock.

Wall Street Analysts Forecast Growth

SHG has been the subject of a number of analyst reports. Zacks Research downgraded Shinhan Financial Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Wall Street Zen cut Shinhan Financial Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Shinhan Financial Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Get Our Latest Research Report on Shinhan Financial Group

Shinhan Financial Group Stock Performance

Shinhan Financial Group stock opened at $52.45 on Friday. The stock has a market cap of $25.46 billion, a PE ratio of 5.26, a P/E/G ratio of 0.56 and a beta of 0.94. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.48. The business's 50-day moving average price is $49.21 and its two-hundred day moving average price is $44.04. Shinhan Financial Group Co Ltd has a 12-month low of $28.76 and a 12-month high of $52.58.

Shinhan Financial Group Profile

(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.

Read More

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Institutional Ownership by Quarter for Shinhan Financial Group (NYSE:SHG)

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