Strs Ohio Purchases Shares of 19,106 Shinhan Financial Group Co Ltd $SHG

Strs Ohio purchased a new stake in Shinhan Financial Group Co Ltd (NYSE:SHG) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,106 shares of the bank’s stock, valued at approximately $613,000.

Several other institutional investors also recently modified their holdings of the business. Bessemer Group Inc. boosted its position in shares of Shinhan Financial Group by 14.7% during the 1st quarter. Bessemer Group Inc. now owns 4,077 shares of the bank’s stock worth $131,000 after purchasing an additional 522 shares in the last quarter. Jane Street Group LLC bought a new position in Shinhan Financial Group in the 4th quarter worth approximately $690,000. Envestnet Asset Management Inc. boosted its holdings in Shinhan Financial Group by 22.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 197,709 shares of the bank’s stock valued at $6,343,000 after purchasing an additional 35,682 shares during the period. HB Wealth Management LLC purchased a new stake in shares of Shinhan Financial Group during the 1st quarter valued at $203,000. Finally, Ramirez Asset Management Inc. raised its position in shares of Shinhan Financial Group by 11.2% during the 1st quarter. Ramirez Asset Management Inc. now owns 215,892 shares of the bank’s stock valued at $6,926,000 after buying an additional 21,727 shares in the last quarter. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Trading Up 0.8%

Shares of SHG opened at $49.67 on Friday. The firm’s 50-day moving average price is $48.92 and its 200-day moving average price is $41.63. The firm has a market capitalization of $24.11 billion, a price-to-earnings ratio of 4.98, a PEG ratio of 0.53 and a beta of 0.96. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.48. Shinhan Financial Group Co Ltd has a 1-year low of $28.76 and a 1-year high of $52.00.

Analyst Ratings Changes

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

Shinhan Financial Group Company 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.