GAMMA Investing LLC Has $149,000 Position in Shinhan Financial Group Co Ltd $SHG

GAMMA Investing LLC increased its stake in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 124.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,301 shares of the bank’s stock after buying an additional 1,833 shares during the quarter. GAMMA Investing LLC’s holdings in Shinhan Financial Group were worth $149,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Ameriprise Financial Inc. boosted its holdings in shares of Shinhan Financial Group by 4.3% in the 4th quarter. Ameriprise Financial Inc. now owns 8,575 shares of the bank’s stock valued at $282,000 after purchasing an additional 351 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Shinhan Financial Group by 5.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,321 shares of the bank’s stock valued at $274,000 after purchasing an additional 442 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Shinhan Financial Group by 14.7% in the 1st quarter. Bessemer Group Inc. now owns 4,077 shares of the bank’s stock valued at $131,000 after purchasing an additional 522 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Shinhan Financial Group by 1.7% in the 1st quarter. Invesco Ltd. now owns 39,492 shares of the bank’s stock valued at $1,267,000 after purchasing an additional 649 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Shinhan Financial Group by 8.2% in the 1st quarter. Bank of New York Mellon Corp now owns 8,994 shares of the bank’s stock valued at $289,000 after purchasing an additional 682 shares in the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

SHG stock opened at $50.24 on Tuesday. The stock has a 50-day moving average price of $48.84 and a 200-day moving average price of $42.44. Shinhan Financial Group Co Ltd has a 1-year low of $28.76 and a 1-year high of $52.00. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.48. The firm has a market cap of $24.39 billion, a PE ratio of 5.03, a price-to-earnings-growth ratio of 0.53 and a beta of 0.96.

Analyst Ratings Changes

SHG has been the topic of several recent research reports. Wall Street Zen downgraded Shinhan Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Zacks Research downgraded Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

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.