Atlas Capital Advisors LLC decreased its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,783 shares of the bank’s stock after selling 761 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Shinhan Financial Group were worth $377,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in SHG. Aperio Group LLC increased its position in Shinhan Financial Group by 20.6% during the 2nd quarter. Aperio Group LLC now owns 659,925 shares of the bank’s stock worth $25,658,000 after buying an additional 112,905 shares during the period. Morgan Stanley increased its position in Shinhan Financial Group by 19.3% during the 2nd quarter. Morgan Stanley now owns 609,641 shares of the bank’s stock worth $23,703,000 after buying an additional 98,540 shares during the period. Parametric Portfolio Associates LLC increased its position in Shinhan Financial Group by 11.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 750,068 shares of the bank’s stock worth $29,163,000 after buying an additional 77,288 shares during the period. Northern Trust Corp increased its position in Shinhan Financial Group by 3.9% during the 2nd quarter. Northern Trust Corp now owns 1,730,721 shares of the bank’s stock worth $67,290,000 after buying an additional 64,629 shares during the period. Finally, Royal Bank of Canada increased its position in Shinhan Financial Group by 177.3% during the 2nd quarter. Royal Bank of Canada now owns 53,236 shares of the bank’s stock worth $2,070,000 after buying an additional 34,038 shares during the period. 2.81% of the stock is owned by institutional investors and hedge funds.
SHG stock opened at $37.14 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $17.42 billion, a price-to-earnings ratio of 3.10 and a beta of 0.82. The business’s fifty day moving average price is $35.80 and its two-hundred day moving average price is $36.59. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $32.14 and a fifty-two week high of $40.59.
Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings data on Tuesday, August 20th. The bank reported $3.66 earnings per share for the quarter. Shinhan Financial Group had a return on equity of 12.35% and a net margin of 17.97%. The firm had revenue of $3.02 billion for the quarter.
Several research analysts have weighed in on the company. Citigroup cut Shinhan Financial Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Zacks Investment Research upgraded Shinhan Financial Group from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 27th. Finally, JPMorgan Chase & Co. cut Shinhan Financial Group from an “overweight” rating to a “neutral” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Shinhan Financial Group has a consensus rating of “Hold”.
Shinhan Financial Group Company Profile
Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through five segments: Banking, Credit Cards, Securities, Life Insurance, and Others. It offers retail banking services, including mortgage and home equity, and retail lending; demand, savings, and fixed deposit-taking; checking accounts; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.
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