Investment Research Partners LLC Takes Position in Shinhan Financial Group Co Ltd $SHG

Investment Research Partners LLC bought a new stake in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) in the 3rd quarter, Holdings Channel.com reports. The firm bought 14,386 shares of the bank’s stock, valued at approximately $757,000.

Several other institutional investors and hedge funds have also bought and sold shares of SHG. Coldstream Capital Management Inc. bought a new stake in Shinhan Financial Group in the third quarter valued at approximately $359,000. NewEdge Advisors LLC grew its holdings in shares of Shinhan Financial Group by 17.5% in the third quarter. NewEdge Advisors LLC now owns 14,229 shares of the bank’s stock worth $717,000 after purchasing an additional 2,123 shares during the last quarter. United Capital Financial Advisors LLC increased its stake in shares of Shinhan Financial Group by 3.6% in the third quarter. United Capital Financial Advisors LLC now owns 8,338 shares of the bank’s stock worth $420,000 after buying an additional 293 shares during the period. Voleon Capital Management LP bought a new stake in Shinhan Financial Group during the 3rd quarter valued at $2,961,000. Finally, Verition Fund Management LLC raised its holdings in Shinhan Financial Group by 57.1% during the 3rd quarter. Verition Fund Management LLC now owns 25,622 shares of the bank’s stock valued at $1,291,000 after buying an additional 9,315 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Price Performance

Shares of Shinhan Financial Group stock opened at $60.84 on Thursday. The business has a 50 day moving average of $61.87 and a 200 day moving average of $55.41. Shinhan Financial Group Co Ltd has a 52 week low of $28.76 and a 52 week high of $73.40. The company has a market cap of $28.88 billion, a PE ratio of 6.75, a P/E/G ratio of 0.49 and a beta of 0.97. The company has a quick ratio of 1.03, a current ratio of 1.00 and a debt-to-equity ratio of 1.54.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Shinhan Financial Group in a report on Monday, December 29th. Zacks Research raised shares of Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Strong 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.