Shinhan Financial Group Co Ltd $SHG Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 25.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 269,470 shares of the bank’s stock after selling 92,789 shares during the period. JPMorgan Chase & Co. owned about 0.06% of Shinhan Financial Group worth $13,573,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings in Shinhan Financial Group by 20.4% during the third quarter. PNC Financial Services Group Inc. now owns 24,936 shares of the bank’s stock worth $1,256,000 after acquiring an additional 4,232 shares during the period. Assetmark Inc. grew its stake in shares of Shinhan Financial Group by 1,116.7% during the 3rd quarter. Assetmark Inc. now owns 3,285 shares of the bank’s stock worth $165,000 after purchasing an additional 3,015 shares during the period. Plan A Wealth LLC increased its holdings in shares of Shinhan Financial Group by 7.1% in the 3rd quarter. Plan A Wealth LLC now owns 14,612 shares of the bank’s stock valued at $736,000 after purchasing an additional 972 shares in the last quarter. Caprock Group LLC purchased a new position in shares of Shinhan Financial Group in the 3rd quarter valued at about $270,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Shinhan Financial Group by 3,831.3% in the third quarter. Smartleaf Asset Management LLC now owns 1,887 shares of the bank’s stock valued at $95,000 after purchasing an additional 1,839 shares during the period. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Up 0.3%

SHG stock opened at $63.94 on Thursday. The company’s 50 day simple moving average is $60.63 and its 200-day simple moving average is $54.54. The firm has a market capitalization of $31.04 billion, a PE ratio of 6.23, a P/E/G ratio of 0.51 and a beta of 0.97. Shinhan Financial Group Co Ltd has a 12 month low of $28.76 and a 12 month high of $73.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.03 and a quick ratio of 1.03.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Shinhan Financial Group in a report on Monday, December 29th. Zacks Research upgraded Shinhan Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate 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.