Arbiter Partners Capital Management LLC Has $6.91 Million Stake in Shinhan Financial Group Co Ltd $SHG

Arbiter Partners Capital Management LLC grew its stake in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 246.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,169 shares of the bank’s stock after purchasing an additional 97,569 shares during the period. Shinhan Financial Group makes up 4.1% of Arbiter Partners Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. Arbiter Partners Capital Management LLC’s holdings in Shinhan Financial Group were worth $6,909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SHG. Royal Bank of Canada lifted its holdings in Shinhan Financial Group by 9.1% in the first quarter. Royal Bank of Canada now owns 126,217 shares of the bank’s stock worth $4,049,000 after buying an additional 10,534 shares during the period. AQR Capital Management LLC bought a new stake in shares of Shinhan Financial Group during the first quarter valued at approximately $210,000. Millennium Management LLC boosted its position in shares of Shinhan Financial Group by 152.0% during the first quarter. Millennium Management LLC now owns 582,570 shares of the bank’s stock valued at $18,689,000 after purchasing an additional 351,413 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Shinhan Financial Group by 57.9% in the first quarter. Goldman Sachs Group Inc. now owns 323,444 shares of the bank’s stock worth $10,376,000 after purchasing an additional 118,548 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Shinhan Financial Group by 10.2% in the second quarter. Envestnet Asset Management Inc. now owns 217,835 shares of the bank’s stock worth $9,842,000 after purchasing an additional 20,126 shares in the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

SHG stock opened at $63.94 on Thursday. The stock’s 50 day simple moving average is $60.63 and its 200 day simple moving average is $54.54. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.51. Shinhan Financial Group Co Ltd has a 12-month low of $28.76 and a 12-month high of $73.40. The stock has a market capitalization of $31.04 billion, a PE ratio of 6.23, a price-to-earnings-growth ratio of 0.51 and a beta of 0.97.

Analyst Ratings Changes

A number of brokerages have recently commented on SHG. Zacks Research upgraded shares of Shinhan Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Shinhan Financial Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Shinhan Financial Group has a consensus rating of “Moderate Buy”.

About Shinhan Financial Group

Shinhan Financial Group is a South Korea–based financial holding company headquartered in Seoul. Established in 2001 as a banking and financial services group, it brings together a range of financial subsidiaries operating under the Shinhan brand, including commercial banking, card services, life insurance, securities and asset management businesses. The group serves both retail and corporate clients and is one of the leading diversified financial institutions in Korea.

The company’s principal activities span retail and corporate banking, credit card issuance and payment services, life insurance and related protection products, brokerage and investment banking, and asset and wealth management.