Shinhan Financial Group Co Ltd $SHG Shares Purchased by UBS Group AG

UBS Group AG lifted its position in Shinhan Financial Group Co Ltd (NYSE:SHG) by 129.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 151,613 shares of the bank’s stock after acquiring an additional 85,446 shares during the period. UBS Group AG’s holdings in Shinhan Financial Group were worth $8,131,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SHG. Millennium Management LLC boosted its stake in shares of Shinhan Financial Group by 152.0% in the first quarter. Millennium Management LLC now owns 582,570 shares of the bank’s stock worth $18,689,000 after acquiring an additional 351,413 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Shinhan Financial Group by 57.9% during the first quarter. Goldman Sachs Group Inc. now owns 323,444 shares of the bank’s stock worth $10,376,000 after buying an additional 118,548 shares in the last quarter. American Century Companies Inc. lifted its position in Shinhan Financial Group by 11.3% during the third quarter. American Century Companies Inc. now owns 1,089,798 shares of the bank’s stock worth $54,893,000 after buying an additional 110,787 shares in the last quarter. Arbiter Partners Capital Management LLC lifted its position in Shinhan Financial Group by 246.4% during the third quarter. Arbiter Partners Capital Management LLC now owns 137,169 shares of the bank’s stock worth $6,909,000 after buying an additional 97,569 shares in the last quarter. Finally, Virtus Family Office LLC purchased a new position in Shinhan Financial Group during the third quarter worth approximately $4,507,000. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Price Performance

NYSE:SHG opened at $64.21 on Monday. Shinhan Financial Group Co Ltd has a 52 week low of $37.13 and a 52 week high of $73.40. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $30.48 billion, a P/E ratio of 6.97, a P/E/G ratio of 0.50 and a beta of 0.97. The stock’s fifty day moving average is $64.18 and its two-hundred day moving average is $59.75.

Shinhan Financial Group (NYSE:SHG) last posted its earnings results on Tuesday, March 31st. The bank reported $1.98 EPS for the quarter. Shinhan Financial Group had a return on equity of 11.02% and a net margin of 20.07%. Equities analysts expect that Shinhan Financial Group Co Ltd will post 7.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SHG shares. Weiss Ratings downgraded Shinhan Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Zacks Research downgraded Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate 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.