Arrowstreet Capital Limited Partnership bought a new position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 131,352 shares of the bank’s stock, valued at approximately $5,712,000.

A number of other institutional investors have also modified their holdings of SHG. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Shinhan Financial Group Co by 31.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 45,113 shares of the bank’s stock valued at $1,962,000 after buying an additional 10,771 shares in the last quarter. KCG Holdings Inc. purchased a new position in shares of Shinhan Financial Group Co in the 1st quarter valued at approximately $215,000. Wetherby Asset Management Inc. raised its position in shares of Shinhan Financial Group Co by 7.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 21,968 shares of the bank’s stock valued at $956,000 after purchasing an additional 1,595 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Shinhan Financial Group Co by 18.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 148,474 shares of the bank’s stock valued at $6,204,000 after purchasing an additional 23,407 shares during the last quarter. Finally, Sensato Investors LLC purchased a new position in shares of Shinhan Financial Group Co in the 1st quarter valued at approximately $1,162,000. Institutional investors own 2.32% of the company’s stock.

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SHG has been the subject of several research analyst reports. HSBC Holdings plc raised shares of Shinhan Financial Group Co from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research raised shares of Shinhan Financial Group Co from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Saturday, July 22nd.

Shinhan Financial Group Co Ltd (NYSE:SHG) opened at 45.18 on Monday. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 7.64 and a beta of 1.06. The firm’s 50-day moving average is $44.57 and its 200-day moving average is $44.32. Shinhan Financial Group Co Ltd has a 52-week low of $36.06 and a 52-week high of $48.98.

Shinhan Financial Group Co Company Profile

Shinhan Financial Group Co, Ltd. (SFG) is a financial holding company. The Company operates through five segments: commercial banking services, which are provided by Shinhan Bank Co, Ltd. (Shinhan Bank); credit card services, which are provided by Shinhan Card Co, Ltd. (Shinhan Card); securities brokerage services, which are provided by Shinhan Investment Corp.

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Institutional Ownership by Quarter for Shinhan Financial Group Co (NYSE:SHG)

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