Sequoia Financial Advisors LLC Buys 6,558 Shares of Shinhan Financial Group Co Ltd $SHG

Sequoia Financial Advisors LLC lifted its position in Shinhan Financial Group Co Ltd (NYSE:SHG) by 17.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,560 shares of the bank’s stock after acquiring an additional 6,558 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Shinhan Financial Group were worth $2,818,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Bell Investment Advisors Inc grew its holdings in Shinhan Financial Group by 31.3% during the 1st quarter. Bell Investment Advisors Inc now owns 747 shares of the bank’s stock valued at $46,000 after purchasing an additional 178 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Shinhan Financial Group by 3.3% during the 1st quarter. Bessemer Group Inc. now owns 5,744 shares of the bank’s stock valued at $352,000 after acquiring an additional 183 shares during the period. Allworth Financial LP grew its position in Shinhan Financial Group by 12.5% in the 4th quarter. Allworth Financial LP now owns 1,703 shares of the bank’s stock valued at $91,000 after acquiring an additional 189 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Shinhan Financial Group by 71.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 481 shares of the bank’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Shinhan Financial Group by 2.4% in the fourth quarter. Stifel Financial Corp now owns 10,603 shares of the bank’s stock worth $569,000 after purchasing an additional 248 shares during the last quarter. 7.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SHG has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Weiss Ratings reissued 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 issued a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Shinhan Financial Group Trading Down 0.1%

NYSE:SHG opened at $84.02 on Monday. The firm has a 50-day simple moving average of $74.69 and a 200-day simple moving average of $68.20. Shinhan Financial Group Co Ltd has a one year low of $47.05 and a one year high of $85.57. The firm has a market cap of $39.44 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.63 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 (NYSE:SHG) last issued its quarterly earnings data on Friday, August 14th. The bank reported $2.26 earnings per share (EPS) for the quarter. The company 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%. Equities analysts anticipate that Shinhan Financial Group Co Ltd will post 8.53 EPS for the current fiscal year.

Shinhan Financial Group Company Profile

Shinhan Financial Group Co, Ltd. is a South Korean financial holding company headquartered in Seoul. Through its subsidiaries, the group provides a broad range of financial services, including retail and corporate banking, credit cards, securities brokerage and investment banking, asset management, life insurance, consumer finance and other specialized financial services.

Its principal banking operations are conducted through Shinhan Bank, while other major businesses include Shinhan Card, Shinhan Securities, Shinhan Life Insurance and Shinhan Asset Management.