HB Wealth Management LLC Sells 481 Shares of Shinhan Financial Group Co Ltd $SHG

HB Wealth Management LLC lessened its stake in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,841 shares of the bank’s stock after selling 481 shares during the quarter. HB Wealth Management LLC’s holdings in Shinhan Financial Group were worth $264,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in Shinhan Financial Group during the 1st quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new stake in Shinhan Financial Group during the 1st quarter valued at $28,000. Farther Finance Advisors LLC increased its holdings in Shinhan Financial Group by 240.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,908 shares of the bank’s stock valued at $86,000 after purchasing an additional 1,348 shares in the last quarter. GAMMA Investing LLC increased its holdings in Shinhan Financial Group by 124.9% during the 2nd quarter. GAMMA Investing LLC now owns 3,301 shares of the bank’s stock valued at $149,000 after purchasing an additional 1,833 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in Shinhan Financial Group by 14.7% during 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. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Down 0.4%

Shares of Shinhan Financial Group stock opened at $50.44 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.48. Shinhan Financial Group Co Ltd has a 12 month low of $28.76 and a 12 month high of $52.00. The business has a fifty day simple moving average of $48.92 and a 200 day simple moving average of $43.07. The stock has a market cap of $24.49 billion, a PE ratio of 5.05, a price-to-earnings-growth ratio of 0.55 and a beta of 0.94.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SHG shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Shinhan Financial Group in a report on Saturday, September 27th. Zacks Research cut Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, Wall Street Zen cut Shinhan Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.