10,441 Shares in Shinhan Financial Group Co Ltd $SHG Bought by Advisors Preferred LLC

Advisors Preferred LLC acquired a new position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,441 shares of the bank’s stock, valued at approximately $527,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SHG. Millennium Management LLC boosted its stake 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 worth $18,689,000 after buying an additional 351,413 shares during the period. American Century Companies Inc. raised its stake in Shinhan Financial Group by 16.5% during the 2nd quarter. American Century Companies Inc. now owns 979,011 shares of the bank’s stock valued at $44,232,000 after acquiring an additional 138,779 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Shinhan Financial Group by 57.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 323,444 shares of the bank’s stock worth $10,376,000 after acquiring an additional 118,548 shares during the period. Virtus Family Office LLC acquired a new stake in Shinhan Financial Group during the 3rd quarter worth approximately $4,507,000. Finally, Creative Planning grew its stake in shares of Shinhan Financial Group by 70.3% in the 2nd 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 last quarter. 7.76% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Trading Up 2.9%

NYSE:SHG opened at $71.61 on Friday. Shinhan Financial Group Co Ltd has a 1 year low of $28.76 and a 1 year high of $73.40. 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 fifty day moving average price of $58.29 and a two-hundred day moving average price of $53.56. The stock has a market capitalization of $34.76 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 0.58 and a beta of 1.00.

Analysts Set New Price Targets

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