Shinhan Financial Group Co Ltd $SHG Stock Position Raised by Vise Technologies Inc.

Vise Technologies Inc. raised its position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 35.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,225 shares of the bank’s stock after purchasing an additional 13,107 shares during the quarter. Vise Technologies Inc.’s holdings in Shinhan Financial Group were worth $3,901,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Shinhan Financial Group by 2.3% in the second quarter. Wellington Management Group LLP now owns 215,080 shares of the bank’s stock worth $13,604,000 after purchasing an additional 4,872 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Shinhan Financial Group by 40.5% during the 1st quarter. Quantinno Capital Management LP now owns 173,250 shares of the bank’s stock valued at $10,624,000 after buying an additional 49,966 shares in the last quarter. NewEdge Wealth LLC lifted its stake in shares of Shinhan Financial Group by 10.9% during the 1st quarter. NewEdge Wealth LLC now owns 102,659 shares of the bank’s stock valued at $6,295,000 after buying an additional 10,050 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Shinhan Financial Group by 1.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 85,800 shares of the bank’s stock worth $6,400,000 after buying an additional 1,039 shares during the period. Finally, Nykredit A S bought a new position in Shinhan Financial Group in the 2nd quarter worth $5,326,000. 7.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SHG has been the subject of a number of analyst reports. Zacks Research upgraded Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Wall Street Zen cut Shinhan Financial Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Shinhan Financial Group in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Shinhan Financial Group Price Performance

SHG stock opened at $63.22 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.98 and a current ratio of 0.98. The company’s fifty day moving average price is $76.08 and its 200-day moving average price is $68.62. Shinhan Financial Group Co Ltd has a one year low of $51.59 and a one year high of $85.57. The company has a market capitalization of $29.68 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 0.45 and a beta of 1.07.

Shinhan Financial Group (NYSE:SHG) last posted its earnings results on Friday, August 14th. The bank reported $2.26 earnings per share for the quarter. Shinhan Financial Group had a net margin of 15.68% and a return on equity of 8.81%. The company had revenue of $2.96 billion during the quarter. On average, equities analysts anticipate that Shinhan Financial Group Co Ltd will post 9.38 EPS for the current fiscal year.

Shinhan Financial Group Profile

Shinhan Financial Group Co, Ltd. is a South Korean financial holding company headquartered in Seoul. Established in 2001, the group operates through subsidiaries that provide a broad range of financial products and services to individuals, businesses and institutional customers.

Its principal businesses include commercial and retail banking through Shinhan Bank; credit card and payment services through Shinhan Card; securities brokerage, investment banking and wealth management through Shinhan Securities; and insurance, consumer finance, leasing and asset-management services through other group affiliates.

Shinhan serves customers primarily in South Korea and maintains an international presence across markets in Asia, North America and other regions.