Natural Investments LLC Lowers Position in Shinhan Financial Group Co Ltd $SHG

Natural Investments LLC decreased its stake in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 88.0% in the second quarter, Holdings Channel.com reports. The fund owned 3,477 shares of the bank’s stock after selling 25,470 shares during the period. Natural Investments LLC’s holdings in Shinhan Financial Group were worth $219,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. increased its holdings in Shinhan Financial Group by 71.2% in the 4th 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 position in shares of Shinhan Financial Group during the 4th quarter valued at about $38,000. Northwestern Mutual Wealth Management Co. boosted its holdings 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 valued at $41,000 after purchasing an additional 850 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Shinhan Financial Group by 6,238.5% in the fourth 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 last quarter. Finally, Bell Investment Advisors Inc lifted its position in shares of Shinhan Financial Group by 31.3% in the first quarter. Bell Investment Advisors Inc now owns 747 shares of the bank’s stock worth $46,000 after buying an additional 178 shares in the last quarter. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Performance

Shares of NYSE:SHG opened at $81.44 on Thursday. Shinhan Financial Group Co Ltd has a 52 week low of $46.26 and a 52 week high of $81.90. The stock has a market capitalization of $38.23 billion, a P/E ratio of 10.95, a PEG ratio of 0.60 and a beta of 0.96. The firm has a fifty day simple moving average of $72.00 and a two-hundred day simple moving average of $67.57. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.45.

Shinhan Financial Group (NYSE:SHG) last announced its earnings results on Friday, August 14th. The bank reported $2.26 earnings per share (EPS) for the quarter. The firm had revenue of $2.96 billion for the quarter. Shinhan Financial Group had a net margin of 15.69% and a return on equity of 8.63%. On average, analysts expect that Shinhan Financial Group Co Ltd will post 8.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SHG. Zacks Research raised Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Shinhan Financial Group in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, Shinhan Financial Group currently has an average rating of “Strong 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.