Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,321 shares of the bank’s stock after purchasing an additional 442 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Shinhan Financial Group were worth $274,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in Shinhan Financial Group during the fourth quarter worth about $43,000. NewEdge Wealth LLC raised its holdings in Shinhan Financial Group by 6.5% during the fourth quarter. NewEdge Wealth LLC now owns 104,657 shares of the bank’s stock worth $3,441,000 after purchasing an additional 6,369 shares during the last quarter. QRG Capital Management Inc. boosted its position in Shinhan Financial Group by 13.8% during the fourth quarter. QRG Capital Management Inc. now owns 24,452 shares of the bank’s stock worth $804,000 after purchasing an additional 2,972 shares in the last quarter. SVB Wealth LLC acquired a new stake in Shinhan Financial Group in the fourth quarter valued at $246,000. Finally, M&T Bank Corp raised its position in Shinhan Financial Group by 11.7% during the fourth quarter. M&T Bank Corp now owns 6,245 shares of the bank’s stock worth $205,000 after acquiring an additional 655 shares during the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Shinhan Financial Group from a “hold” rating to a “buy” rating in a research note on Monday, May 19th.

Shinhan Financial Group Trading Down 0.6%

Shares of SHG stock opened at $43.34 on Monday. Shinhan Financial Group Co., Ltd. has a 1-year low of $28.76 and a 1-year high of $46.05. The firm’s 50-day simple moving average is $37.33 and its 200-day simple moving average is $35.04. The firm has a market cap of $21.49 billion, a P/E ratio of 6.80, a PEG ratio of 0.44 and a beta of 0.90. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04.

About Shinhan Financial Group

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.