Capital Research Global Investors Invests $3.83 Million in Shinhan Financial Group Co Ltd $SHG

Capital Research Global Investors acquired a new position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 71,133 shares of the bank’s stock, valued at approximately $3,829,000.

Several other institutional investors have also modified their holdings of the stock. Parallel Advisors LLC lifted its position in shares of Shinhan Financial Group by 3.2% during the 4th quarter. Parallel Advisors LLC now owns 14,435 shares of the bank’s stock worth $774,000 after buying an additional 454 shares during the last quarter. Greenspring Advisors LLC purchased a new stake in shares of Shinhan Financial Group during the 4th quarter worth approximately $252,000. Bleakley Financial Group LLC lifted its position in shares of Shinhan Financial Group by 5.9% during the 4th quarter. Bleakley Financial Group LLC now owns 17,682 shares of the bank’s stock worth $948,000 after buying an additional 991 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Shinhan Financial Group by 36.3% during the 4th quarter. Hantz Financial Services Inc. now owns 5,664 shares of the bank’s stock worth $304,000 after buying an additional 1,507 shares during the last quarter. Finally, Plan A Wealth LLC lifted its position in shares of Shinhan Financial Group by 3.1% during the 4th quarter. Plan A Wealth LLC now owns 15,058 shares of the bank’s stock worth $808,000 after buying an additional 446 shares during the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Analyst Upgrades and Downgrades

SHG has been the subject of several recent analyst reports. Zacks Research downgraded shares of Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings upgraded shares of Shinhan Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Shinhan Financial Group Price Performance

SHG stock opened at $66.00 on Wednesday. The company has a market capitalization of $31.33 billion, a P/E ratio of 7.17, a PEG ratio of 0.50 and a beta of 0.93. Shinhan Financial Group Co Ltd has a twelve month low of $42.71 and a twelve month high of $73.40. The business has a 50 day simple moving average of $65.33 and a 200-day simple moving average of $61.07. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.54.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings data on Tuesday, March 31st. The bank reported $1.98 earnings per share for the quarter. Shinhan Financial Group had a return on equity of 11.02% and a net margin of 20.07%. As a group, equities analysts anticipate that Shinhan Financial Group Co Ltd will post 7.99 EPS for the current 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.