Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Purchased by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC lifted its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 42.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,332 shares of the bank’s stock after acquiring an additional 3,074 shares during the period. Atlas Capital Advisors LLC’s holdings in Shinhan Financial Group were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SHG. Orion Portfolio Solutions LLC lifted its position in Shinhan Financial Group by 43.6% in the first quarter. Orion Portfolio Solutions LLC now owns 78,315 shares of the bank’s stock worth $2,779,000 after purchasing an additional 23,780 shares during the period. Lazard Asset Management LLC boosted its stake in Shinhan Financial Group by 2.7% during the first quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank’s stock valued at $46,075,000 after buying an additional 34,597 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Shinhan Financial Group by 14.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 177,972 shares of the bank’s stock worth $6,316,000 after acquiring an additional 22,536 shares during the period. Sei Investments Co. raised its position in Shinhan Financial Group by 147.5% in the first quarter. Sei Investments Co. now owns 62,068 shares of the bank’s stock worth $2,203,000 after acquiring an additional 36,993 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Shinhan Financial Group by 156.0% in the 1st quarter. Acadian Asset Management LLC now owns 274,784 shares of the bank’s stock valued at $9,749,000 after acquiring an additional 167,434 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, June 6th.

Shinhan Financial Group Price Performance

Shares of NYSE:SHG traded down $0.77 on Friday, reaching $42.46. 129,585 shares of the company traded hands, compared to its average volume of 124,171. The stock has a market capitalization of $21.63 billion, a PE ratio of 7.00, a P/E/G ratio of 0.73 and a beta of 0.93. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50 day moving average is $39.52 and its 200-day moving average is $35.85. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $25.09 and a fifty-two week high of $46.05.

Shinhan Financial Group (NYSE:SHG) last announced its earnings results on Friday, July 26th. The bank reported $1.97 EPS for the quarter, beating the consensus estimate of $1.78 by $0.19. Shinhan Financial Group had a return on equity of 7.58% and a net margin of 12.97%. The business had revenue of $3.25 billion during the quarter. As a group, analysts anticipate that Shinhan Financial Group Co., Ltd. will post 6.22 earnings per share for the current fiscal year.

Shinhan Financial Group Company Profile

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.