Shinhan Financial Group Co Ltd $SHG Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its holdings in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 84.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,157 shares of the bank’s stock after selling 22,904 shares during the period. Hantz Financial Services Inc.’s holdings in Shinhan Financial Group were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in Shinhan Financial Group by 152.0% in the 1st quarter. Millennium Management LLC now owns 582,570 shares of the bank’s stock valued at $18,689,000 after buying an additional 351,413 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Shinhan Financial Group by 16.5% during the 2nd quarter. American Century Companies Inc. now owns 979,011 shares of the bank’s stock worth $44,232,000 after acquiring an additional 138,779 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Shinhan Financial Group by 57.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 323,444 shares of the bank’s stock valued at $10,376,000 after acquiring an additional 118,548 shares during the last quarter. Creative Planning grew its holdings in shares of Shinhan Financial Group by 70.3% in the second quarter. Creative Planning now owns 162,873 shares of the bank’s stock valued at $7,359,000 after purchasing an additional 67,223 shares during the period. Finally, Orion Porfolio Solutions LLC increased its position in Shinhan Financial Group by 73.0% during the second quarter. Orion Porfolio Solutions LLC now owns 104,396 shares of the bank’s stock worth $4,717,000 after purchasing an additional 44,053 shares during the last quarter. 7.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Shinhan Financial Group in a research note on Monday, December 29th. Zacks Research upgraded Shinhan Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Shinhan Financial Group Stock Up 5.5%

SHG opened at $65.20 on Monday. Shinhan Financial Group Co Ltd has a one year low of $28.76 and a one year high of $65.64. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $31.65 billion, a P/E ratio of 6.35, a price-to-earnings-growth ratio of 0.53 and a beta of 1.00. The business’s 50-day simple moving average is $55.32 and its 200-day simple moving average is $52.19.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Friday, November 14th. The bank reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.08. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Shinhan Financial Group had a net margin of 22.38% and a return on equity of 12.45%. Analysts anticipate that Shinhan Financial Group Co Ltd will post 5.97 EPS for the current year.

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.