Shinhan Financial Group Co Ltd $SHG Stock: Vise Technologies Inc. Boosts Stake

Vise Technologies Inc. lifted its holdings in Shinhan Financial Group Co Ltd (NYSE:SHG) by 35.3% in the third quarter, HoldingsChannel reports. The firm owned 50,225 shares of the bank’s stock after purchasing an additional 13,107 shares during the quarter. Vise Technologies Inc.’s holdings in Shinhan Financial Group were worth $3,901,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Nykredit A S purchased a new stake in Shinhan Financial Group during the second quarter valued at $5,326,000. First Trust Advisors LP grew its stake in shares of Shinhan Financial Group by 107.5% in the 1st quarter. First Trust Advisors LP now owns 34,286 shares of the bank’s stock worth $2,102,000 after buying an additional 17,759 shares in the last quarter. Corient Private Wealth LP grew its stake in shares of Shinhan Financial Group by 46.4% in the 2nd quarter. Corient Private Wealth LP now owns 38,537 shares of the bank’s stock worth $2,437,000 after buying an additional 12,212 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Shinhan Financial Group by 40.5% in the 1st quarter. Quantinno Capital Management LP now owns 173,250 shares of the bank’s stock worth $10,624,000 after buying an additional 49,966 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Shinhan Financial Group by 17.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 44,560 shares of the bank’s stock worth $2,818,000 after buying an additional 6,558 shares during the last quarter. Institutional investors own 7.76% of the company’s stock.

Analyst Ratings Changes

SHG has been the topic of several recent research reports. Zacks Research upgraded shares of Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Shinhan Financial Group in a research report on Friday, August 14th. Finally, Wall Street Zen cut Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Shinhan Financial Group Stock Performance

NYSE:SHG opened at $63.22 on Wednesday. The stock’s fifty day moving average is $76.08 and its 200 day moving average is $68.62. Shinhan Financial Group Co Ltd has a fifty-two week low of $51.59 and a fifty-two week high of $85.57. The firm has a market capitalization of $29.68 billion, a PE ratio of 8.19, a PEG ratio of 0.45 and a beta of 1.07. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.98 and a current ratio of 0.98.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Friday, August 14th. The bank reported $2.26 earnings per share (EPS) for the quarter. The company had revenue of $2.96 billion during the quarter. Shinhan Financial Group had a return on equity of 8.81% and a net margin of 15.68%. On average, sell-side analysts anticipate that Shinhan Financial Group Co Ltd will post 9.38 earnings per share for the current year.

Shinhan Financial Group Company Profile

Shinhan Financial Group Co, Ltd. is a South Korean financial holding company headquartered in Seoul. Established in 2001, the group operates through subsidiaries that provide a broad range of financial products and services to individuals, businesses and institutional customers.

Its principal businesses include commercial and retail banking through Shinhan Bank; credit card and payment services through Shinhan Card; securities brokerage, investment banking and wealth management through Shinhan Securities; and insurance, consumer finance, leasing and asset-management services through other group affiliates.

Shinhan serves customers primarily in South Korea and maintains an international presence across markets in Asia, North America and other regions.