Sequoia Financial Advisors LLC Buys 8,473 Shares of Shinhan Financial Group Co Ltd $SHG

Sequoia Financial Advisors LLC boosted its stake in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 28.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 38,002 shares of the bank’s stock after buying an additional 8,473 shares during the period. Sequoia Financial Advisors LLC’s holdings in Shinhan Financial Group were worth $2,330,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its position in Shinhan Financial Group by 71.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 481 shares of the bank’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Shinhan Financial Group in the 4th quarter worth about $38,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Shinhan Financial Group by 1,465.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 908 shares of the bank’s stock worth $41,000 after purchasing an additional 850 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Shinhan Financial Group by 6,238.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 824 shares of the bank’s stock worth $44,000 after purchasing an additional 811 shares during the period. Finally, Bell Investment Advisors Inc raised its position in Shinhan Financial Group by 31.3% in the 1st quarter. Bell Investment Advisors Inc now owns 747 shares of the bank’s stock worth $46,000 after purchasing an additional 178 shares during the period. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Trading Down 2.4%

NYSE SHG opened at $71.20 on Wednesday. The stock has a market cap of $33.80 billion, a PE ratio of 7.73, a PEG ratio of 0.58 and a beta of 0.94. Shinhan Financial Group Co Ltd has a 12 month low of $46.26 and a 12 month high of $73.80. The company’s 50-day moving average price is $66.08 and its 200-day moving average price is $63.47. 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 (NYSE:SHG) last announced its quarterly earnings data on Tuesday, March 31st. The bank reported $1.98 earnings per share for the quarter. Shinhan Financial Group had a net margin of 20.07% and a return on equity of 10.97%. Equities research analysts forecast that Shinhan Financial Group Co Ltd will post 8.02 earnings per share for the current year.

Analyst Ratings Changes

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

About Shinhan Financial Group

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.