Groupama Asset Managment Has $476,000 Position in Shinhan Financial Group Co Ltd $SHG

Groupama Asset Managment lessened its holdings in Shinhan Financial Group Co Ltd (NYSE:SHG) by 56.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,764 shares of the bank’s stock after selling 10,079 shares during the quarter. Groupama Asset Managment’s holdings in Shinhan Financial Group were worth $476,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SHG. Massachusetts Financial Services Co. MA acquired a new stake in Shinhan Financial Group during the fourth quarter valued at approximately $393,000. UBS Group AG raised its holdings in shares of Shinhan Financial Group by 129.1% in the 4th quarter. UBS Group AG now owns 151,613 shares of the bank’s stock worth $8,131,000 after buying an additional 85,446 shares in the last quarter. Abacus Wealth Partners LLC bought a new position in shares of Shinhan Financial Group during the 4th quarter worth approximately $1,029,000. O Shaughnessy Asset Management LLC boosted its stake in Shinhan Financial Group by 11.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 194,096 shares of the bank’s stock valued at $10,409,000 after buying an additional 20,217 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Shinhan Financial Group by 28.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 38,002 shares of the bank’s stock valued at $2,330,000 after buying an additional 8,473 shares in the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on SHG shares. Zacks Research upgraded Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Weiss Ratings upgraded shares of Shinhan Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Shinhan Financial Group Stock Performance

NYSE:SHG opened at $69.78 on Monday. The stock has a market capitalization of $33.12 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 0.53 and a beta of 0.94. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.43. Shinhan Financial Group Co Ltd has a 1 year low of $46.26 and a 1 year high of $73.80. The firm has a 50 day moving average of $67.47 and a 200-day moving average of $65.00.

Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $1.98 EPS for the quarter. Shinhan Financial Group had a return on equity of 8.69% and a net margin of 15.69%. As a group, sell-side analysts anticipate that Shinhan Financial Group Co Ltd will post 8.53 EPS for the current fiscal year.

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.