Frank Rimerman Advisors LLC Has $1.30 Million Stock Position in Shinhan Financial Group Co Ltd $SHG

Frank Rimerman Advisors LLC boosted its holdings in Shinhan Financial Group Co Ltd (NYSE:SHG) by 96.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,212 shares of the bank’s stock after buying an additional 11,858 shares during the period. Frank Rimerman Advisors LLC’s holdings in Shinhan Financial Group were worth $1,298,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Corient Private Wealth LLC boosted its position in shares of Shinhan Financial Group by 1.1% in the second quarter. Corient Private Wealth LLC now owns 20,076 shares of the bank’s stock valued at $907,000 after acquiring an additional 213 shares during the period. Savant Capital LLC increased its position in Shinhan Financial Group by 3.5% during the third quarter. Savant Capital LLC now owns 6,221 shares of the bank’s stock worth $313,000 after acquiring an additional 213 shares during the period. Quantbot Technologies LP raised its stake in Shinhan Financial Group by 3.0% during the 3rd quarter. Quantbot Technologies LP now owns 8,027 shares of the bank’s stock valued at $404,000 after purchasing an additional 232 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Shinhan Financial Group by 3.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 7,732 shares of the bank’s stock valued at $389,000 after purchasing an additional 279 shares during the last quarter. Finally, AMG National Trust Bank boosted its holdings in Shinhan Financial Group by 0.6% in the 3rd quarter. AMG National Trust Bank now owns 52,591 shares of the bank’s stock valued at $2,649,000 after purchasing an additional 291 shares during the period. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on SHG. Zacks Research upgraded shares of Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Shinhan Financial Group in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Shinhan Financial Group Stock Performance

Shares of NYSE SHG opened at $62.58 on Thursday. The business has a fifty day simple moving average of $63.29 and a 200 day simple moving average of $56.37. The company has a current ratio of 1.00, a quick ratio of 1.03 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $29.70 billion, a price-to-earnings ratio of 6.95, a PEG ratio of 0.49 and a beta of 0.96. Shinhan Financial Group Co Ltd has a one year low of $28.76 and a one year high of $73.40.

Shinhan Financial Group Company Profile

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.