Shinhan Financial Group Co Ltd $SHG Shares Acquired by Ethic Inc.

Ethic Inc. lifted its position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 26.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 59,686 shares of the bank’s stock after buying an additional 12,325 shares during the period. Ethic Inc.’s holdings in Shinhan Financial Group were worth $4,636,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SHG. Plan A Wealth LLC boosted its position in Shinhan Financial Group by 1.0% during the third quarter. Plan A Wealth LLC now owns 15,465 shares of the bank’s stock worth $1,201,000 after acquiring an additional 160 shares during the last quarter. Bessemer Group Inc. raised its holdings in Shinhan Financial Group by 3.3% in the 1st quarter. Bessemer Group Inc. now owns 5,744 shares of the bank’s stock valued at $352,000 after acquiring an additional 183 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Shinhan Financial Group by 4.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,562 shares of the bank’s stock valued at $432,000 after acquiring an additional 218 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Shinhan Financial Group by 7.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,600 shares of the bank’s stock worth $280,000 after purchasing an additional 235 shares during the period. Finally, WealthCollab LLC boosted its holdings in shares of Shinhan Financial Group by 19.2% during the first quarter. WealthCollab LLC now owns 1,635 shares of the bank’s stock worth $100,000 after purchasing an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SHG. Weiss Ratings restated a “buy (b)” rating on shares of Shinhan Financial Group in a report on Friday, August 14th. Zacks Research upgraded Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Finally, Wall Street Zen downgraded Shinhan Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Shinhan Financial Group Stock Down 1.5%

SHG stock opened at $63.93 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.45. The firm has a 50 day simple moving average of $74.68 and a 200-day simple moving average of $68.83. The company has a market capitalization of $30.01 billion, a P/E ratio of 8.41, a PEG ratio of 0.45 and a beta of 1.07. Shinhan Financial Group Co Ltd has a twelve month low of $51.59 and a twelve month high of $85.57.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings results on Friday, August 14th. The bank reported $2.26 earnings per share (EPS) for the quarter. Shinhan Financial Group had a net margin of 15.68% and a return on equity of 8.81%. The firm had revenue of $2.96 billion for the quarter. On average, equities research analysts predict that Shinhan Financial Group Co Ltd will post 9.38 earnings per share for the current fiscal year.

About Shinhan Financial Group

Shinhan Financial Group is a South Korean financial holding company that provides banking and a range of nonbank financial services through its subsidiaries. Its businesses include commercial and consumer banking, credit cards, securities brokerage and investment banking, insurance, asset management, and capital and leasing services. Established in 2001, the group has expanded through acquisitions and the development of businesses beyond traditional banking. Its principal market is South Korea, and it also serves customers and businesses in overseas markets, including elsewhere in Asia.