Raymond James Financial Services Advisors Inc. acquired a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,480 shares of the bank’s stock, valued at approximately $486,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of Shinhan Financial Group by 5.7% in the fourth quarter. Wells Fargo & Company MN now owns 122,209 shares of the bank’s stock worth $5,670,000 after purchasing an additional 6,620 shares in the last quarter. Greenleaf Trust increased its stake in shares of Shinhan Financial Group by 35.7% in the fourth quarter. Greenleaf Trust now owns 15,033 shares of the bank’s stock worth $698,000 after purchasing an additional 3,955 shares in the last quarter. Aperio Group LLC increased its stake in shares of Shinhan Financial Group by 11.2% in the fourth quarter. Aperio Group LLC now owns 432,566 shares of the bank’s stock worth $20,071,000 after purchasing an additional 43,635 shares in the last quarter. Sanders Capital LLC grew its stake in Shinhan Financial Group by 5.7% during the fourth quarter. Sanders Capital LLC now owns 225,794 shares of the bank’s stock valued at $10,044,000 after acquiring an additional 12,100 shares in the last quarter. Finally, Augustine Asset Management Inc. grew its stake in Shinhan Financial Group by 8.9% during the fourth quarter. Augustine Asset Management Inc. now owns 13,950 shares of the bank’s stock valued at $647,000 after acquiring an additional 1,140 shares in the last quarter. 2.35% of the stock is owned by hedge funds and other institutional investors.

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Separately, Zacks Investment Research cut shares of Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd.

Shinhan Financial Group Co., Ltd. (NYSE SHG) opened at $42.15 on Friday. The firm has a market cap of $20,011.22, a price-to-earnings ratio of 3.61, a P/E/G ratio of 1.66 and a beta of 1.18. Shinhan Financial Group Co., Ltd. has a 52 week low of $40.02 and a 52 week high of $50.37. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.17 and a current ratio of 1.17.

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Shinhan Financial Group 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.

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

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