Nykredit A S Invests $5.33 Million in Shinhan Financial Group Co Ltd $SHG

Nykredit A S purchased a new stake in Shinhan Financial Group Co Ltd (NYSE:SHG) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 84,207 shares of the bank’s stock, valued at approximately $5,326,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brown Brothers Harriman & Co. increased its stake 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 buying an additional 200 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Shinhan Financial Group during the fourth quarter worth approximately $38,000. Northwestern Mutual Wealth Management Co. raised its stake in Shinhan Financial Group by 1,465.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 908 shares of the bank’s stock valued at $41,000 after acquiring an additional 850 shares during the period. Caitong International Asset Management Co. Ltd raised its position 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 valued at $44,000 after purchasing an additional 811 shares during the period. Finally, Bell Investment Advisors Inc raised its holdings in Shinhan Financial Group by 31.3% in the 1st quarter. Bell Investment Advisors Inc now owns 747 shares of the bank’s stock valued at $46,000 after acquiring an additional 178 shares during the period. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Price Performance

SHG stock opened at $82.23 on Monday. The company has a market capitalization of $38.60 billion, a P/E ratio of 11.05, a PEG ratio of 0.62 and a beta of 0.96. 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 Co Ltd has a 52-week low of $46.26 and a 52-week high of $84.65. The company has a fifty day moving average price of $72.88 and a 200-day moving average price of $67.76.

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

Wall Street Analyst Weigh In

SHG has been the topic of several recent research reports. Zacks Research upgraded Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Shinhan Financial Group in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Shinhan Financial Group 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.