Yousif Capital Management LLC purchased a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG – Get Rating) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,003 shares of the bank’s stock, valued at approximately $247,000.
A number of other large investors have also recently bought and sold shares of SHG. D Orazio & Associates Inc. acquired a new position in Shinhan Financial Group in the third quarter worth about $34,000. Liberty Wealth Management LLC grew its stake in Shinhan Financial Group by 246.5% in the third quarter. Liberty Wealth Management LLC now owns 1,102 shares of the bank’s stock worth $37,000 after purchasing an additional 784 shares in the last quarter. Boston Partners acquired a new position in Shinhan Financial Group in the third quarter worth about $106,000. Segall Bryant & Hamill LLC acquired a new position in Shinhan Financial Group in the third quarter worth about $205,000. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Shinhan Financial Group by 8.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 7,369 shares of the bank’s stock valued at $248,000 after acquiring an additional 598 shares during the period. Institutional investors and hedge funds own 7.66% of the company’s stock.
Shares of SHG stock opened at $33.11 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.02 and a debt-to-equity ratio of 1.62. The business has a 50 day moving average of $32.46 and a two-hundred day moving average of $32.28. Shinhan Financial Group Co., Ltd. has a 52 week low of $29.00 and a 52 week high of $39.17. The company has a market cap of $17.10 billion, a P/E ratio of 5.25 and a beta of 0.77.
Separately, StockNews.com downgraded Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday.
Shinhan Financial Group Profile (Get Rating)
Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through five segments: Banking, Credit Card, Securities, Life Insurance, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.
- Get a free copy of the StockNews.com research report on Shinhan Financial Group (SHG)
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