Atlas Capital Advisors Inc. Makes New Investment in Shinhan Financial Group Co Ltd $SHG

Atlas Capital Advisors Inc. purchased a new position in Shinhan Financial Group Co Ltd (NYSE:SHG) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 9,446 shares of the bank’s stock, valued at approximately $507,000.

Other institutional investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. increased its position in Shinhan Financial Group by 71.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 481 shares of the bank’s stock worth $26,000 after buying an additional 200 shares during the period. Kestra Advisory Services LLC bought a new position in Shinhan Financial Group in the 4th quarter worth approximately $38,000. Caitong International Asset Management Co. Ltd increased its position in Shinhan Financial Group by 6,238.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 824 shares of the bank’s stock worth $44,000 after buying an additional 811 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Shinhan Financial Group by 1,465.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 908 shares of the bank’s stock worth $41,000 after buying an additional 850 shares during the period. Finally, Van ECK Associates Corp bought a new position in Shinhan Financial Group in the 4th quarter worth approximately $56,000. 7.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SHG. Weiss Ratings raised Shinhan Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, May 19th. Zacks Research cut Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Shinhan Financial Group Stock Performance

SHG opened at $69.90 on Tuesday. The stock has a market cap of $33.18 billion, a PE ratio of 7.59, a P/E/G ratio of 0.53 and a beta of 0.93. 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 $42.71 and a 1 year high of $73.40. The stock’s 50 day simple moving average is $65.75 and its 200-day simple moving average is $61.46.

Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $1.98 earnings per share (EPS) for the quarter. Shinhan Financial Group had a return on equity of 10.97% and a net margin of 20.07%. Sell-side analysts forecast that Shinhan Financial Group Co Ltd will post 7.99 EPS for the current year.

Shinhan Financial Group 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.