Vanguard Personalized Indexing Management LLC lifted its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG – Free Report) by 4.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,490 shares of the bank’s stock after buying an additional 2,914 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Shinhan Financial Group were worth $2,202,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in Shinhan Financial Group by 68.1% during the first quarter. GAMMA Investing LLC now owns 1,577 shares of the bank’s stock valued at $56,000 after buying an additional 639 shares in the last quarter. SageView Advisory Group LLC bought a new stake in Shinhan Financial Group during the first quarter valued at $61,000. Allspring Global Investments Holdings LLC increased its stake in Shinhan Financial Group by 42.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,290 shares of the bank’s stock valued at $81,000 after purchasing an additional 678 shares during the last quarter. Janiczek Wealth Management LLC grew its position in shares of Shinhan Financial Group by 25.2% during the first quarter. Janiczek Wealth Management LLC now owns 2,886 shares of the bank’s stock worth $103,000 after acquiring an additional 581 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in shares of Shinhan Financial Group during the second quarter worth about $107,000. 7.76% of the stock is currently owned by hedge funds and other institutional investors.
Shinhan Financial Group Trading Down 3.8 %
Shares of SHG stock opened at $41.75 on Friday. Shinhan Financial Group Co., Ltd. has a 12 month low of $25.09 and a 12 month high of $46.05. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.50. The business’s 50 day moving average is $41.46 and its two-hundred day moving average is $36.91. The company has a market cap of $21.27 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 0.75 and a beta of 0.92.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th.
Check Out Our Latest Research 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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