Shinhan Financial Group Co Ltd $SHG Position Increased by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in Shinhan Financial Group Co Ltd (NYSE:SHG) by 11.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,089,798 shares of the bank’s stock after buying an additional 110,787 shares during the quarter. American Century Companies Inc. owned approximately 0.22% of Shinhan Financial Group worth $54,893,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Virtus Family Office LLC acquired a new stake in Shinhan Financial Group in the third quarter worth $4,507,000. Creative Planning grew its position in shares of Shinhan Financial Group by 70.3% during the second quarter. Creative Planning now owns 162,873 shares of the bank’s stock worth $7,359,000 after acquiring an additional 67,223 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Shinhan Financial Group by 10.2% during the second quarter. Envestnet Asset Management Inc. now owns 217,835 shares of the bank’s stock worth $9,842,000 after acquiring an additional 20,126 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Shinhan Financial Group by 129.4% in the 2nd quarter. Schroder Investment Management Group now owns 40,336 shares of the bank’s stock worth $1,822,000 after acquiring an additional 22,751 shares during the period. Finally, Atria Investments Inc bought a new stake in Shinhan Financial Group in the 2nd quarter valued at about $485,000. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Performance

SHG opened at $60.72 on Friday. The company has a market capitalization of $29.48 billion, a price-to-earnings ratio of 5.91, a price-to-earnings-growth ratio of 0.51 and a beta of 0.97. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.00 and a quick ratio of 1.03. Shinhan Financial Group Co Ltd has a 1-year low of $28.76 and a 1-year high of $73.40. The business has a 50 day moving average price of $60.77 and a two-hundred day moving average price of $54.58.

Analyst Ratings Changes

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

Shinhan Financial Group 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.