Frank Rimerman Advisors LLC Acquires 11,858 Shares of Shinhan Financial Group Co Ltd $SHG

Frank Rimerman Advisors LLC increased its holdings in Shinhan Financial Group Co Ltd (NYSE:SHG) by 96.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,212 shares of the bank’s stock after buying an additional 11,858 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Shinhan Financial Group were worth $1,298,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Shinhan Financial Group by 20.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,688 shares of the bank’s stock valued at $814,000 after purchasing an additional 2,531 shares during the period. Tuttle Capital Management LLC bought a new position in shares of Shinhan Financial Group during the 4th quarter worth approximately $326,000. Park Avenue Securities LLC lifted its position in shares of Shinhan Financial Group by 9.8% during the 4th quarter. Park Avenue Securities LLC now owns 5,284 shares of the bank’s stock worth $283,000 after buying an additional 470 shares during the period. GAMMA Investing LLC grew its position in Shinhan Financial Group by 10.7% in the fourth quarter. GAMMA Investing LLC now owns 3,812 shares of the bank’s stock valued at $204,000 after acquiring an additional 370 shares during the period. Finally, Investment Research Partners LLC acquired a new position in Shinhan Financial Group during the third quarter worth $757,000. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

NYSE:SHG opened at $62.58 on Thursday. Shinhan Financial Group Co Ltd has a 1 year low of $28.76 and a 1 year high of $73.40. The firm has a 50 day moving average of $63.29 and a 200-day moving average of $56.37. The company has a current ratio of 1.00, a quick ratio of 1.03 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $29.70 billion, a P/E ratio of 6.95, a price-to-earnings-growth ratio of 0.49 and a beta of 0.96.

Analyst Ratings Changes

SHG has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Shinhan Financial Group in a report on Friday, March 27th. Zacks Research raised shares of Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, Shinhan Financial Group has a consensus rating of “Strong Buy”.

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.