State of Wyoming Lowers Holdings in Shinhan Financial Group Co Ltd $SHG

State of Wyoming trimmed its holdings in Shinhan Financial Group Co Ltd (NYSE:SHG) by 46.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,090 shares of the bank’s stock after selling 948 shares during the period. State of Wyoming’s holdings in Shinhan Financial Group were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in SHG. Bessemer Group Inc. lifted its position in shares of Shinhan Financial Group by 14.7% in the first quarter. Bessemer Group Inc. now owns 4,077 shares of the bank’s stock worth $131,000 after buying an additional 522 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Shinhan Financial Group in the fourth quarter worth about $690,000. Envestnet Asset Management Inc. lifted its position in shares of Shinhan Financial Group by 22.0% in the first quarter. Envestnet Asset Management Inc. now owns 197,709 shares of the bank’s stock worth $6,343,000 after buying an additional 35,682 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of Shinhan Financial Group in the first quarter worth about $203,000. Finally, Ramirez Asset Management Inc. lifted its position in shares of Shinhan Financial Group by 11.2% in the first quarter. Ramirez Asset Management Inc. now owns 215,892 shares of the bank’s stock worth $6,926,000 after buying an additional 21,727 shares in the last quarter. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Shinhan Financial Group Trading Up 3.2%

Shares of NYSE SHG opened at $48.88 on Thursday. The business’s 50 day moving average is $48.74 and its two-hundred day moving average is $40.73. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.03 and a quick ratio of 1.03. Shinhan Financial Group Co Ltd has a 1-year low of $28.76 and a 1-year high of $52.00. The stock has a market capitalization of $23.73 billion, a P/E ratio of 4.90, a PEG ratio of 0.51 and a beta of 0.96.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Shinhan Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th.

Shinhan Financial Group Profile

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.