Rhumbline Advisers lessened its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG – Free Report) by 40.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 87,902 shares of the bank’s stock after selling 59,521 shares during the period. Rhumbline Advisers’ holdings in Shinhan Financial Group were worth $3,060,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. Natixis Advisors LLC lifted its stake in shares of Shinhan Financial Group by 2.4% in the 2nd quarter. Natixis Advisors LLC now owns 86,576 shares of the bank’s stock worth $3,014,000 after purchasing an additional 2,070 shares during the period. Hantz Financial Services Inc. bought a new position in shares of Shinhan Financial Group in the 2nd quarter worth approximately $887,000. Atlas Capital Advisors LLC lifted its stake in shares of Shinhan Financial Group by 42.4% in the 2nd quarter. Atlas Capital Advisors LLC now owns 10,332 shares of the bank’s stock worth $360,000 after purchasing an additional 3,074 shares during the period. Atomi Financial Group Inc. lifted its stake in shares of Shinhan Financial Group by 22.4% in the 2nd quarter. Atomi Financial Group Inc. now owns 14,212 shares of the bank’s stock worth $495,000 after purchasing an additional 2,605 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of Shinhan Financial Group in the 2nd quarter worth approximately $107,000. Institutional investors own 7.76% of the company’s stock.
Shinhan Financial Group Price Performance
NYSE SHG opened at $42.66 on Wednesday. Shinhan Financial Group Co., Ltd. has a 12 month low of $25.09 and a 12 month high of $46.05. The stock has a market cap of $21.73 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.71 and a beta of 0.92. The company’s 50 day moving average is $41.15 and its two-hundred day moving average is $36.76. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.50.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th.
View Our Latest Report on Shinhan Financial Group
Shinhan Financial Group Company 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.
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