Simplicity Wealth LLC Makes New Investment in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Simplicity Wealth LLC acquired a new position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 10,399 shares of the bank’s stock, valued at approximately $362,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHG. Allspring Global Investments Holdings LLC increased its holdings in Shinhan Financial Group by 27.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,612 shares of the bank’s stock worth $50,000 after purchasing an additional 349 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Shinhan Financial Group by 20.8% in the fourth quarter. Cerity Partners LLC now owns 24,706 shares of the bank’s stock valued at $760,000 after acquiring an additional 4,253 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings in shares of Shinhan Financial Group by 44.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 2,305 shares of the bank’s stock valued at $71,000 after acquiring an additional 704 shares in the last quarter. NewEdge Wealth LLC grew its holdings in shares of Shinhan Financial Group by 59.2% in the fourth quarter. NewEdge Wealth LLC now owns 60,968 shares of the bank’s stock valued at $1,877,000 after acquiring an additional 22,677 shares in the last quarter. Finally, Lindbrook Capital LLC grew its holdings in shares of Shinhan Financial Group by 19.7% in the fourth quarter. Lindbrook Capital LLC now owns 4,657 shares of the bank’s stock valued at $143,000 after acquiring an additional 767 shares in the last quarter. 7.76% of the stock is owned by institutional investors.

Shinhan Financial Group Price Performance

Shinhan Financial Group stock opened at $39.82 on Friday. Shinhan Financial Group Co., Ltd. has a 12 month low of $25.09 and a 12 month high of $43.93. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.49. The business’s 50 day simple moving average is $37.00 and its 200 day simple moving average is $34.77. The company has a market cap of $20.28 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 0.69 and a beta of 0.93.

Shinhan Financial Group (NYSE:SHG – Get Free Report) last posted its quarterly earnings data on Thursday, May 16th. The bank reported $1.89 EPS for the quarter, beating the consensus estimate of $1.54 by $0.35. Shinhan Financial Group had a return on equity of 7.23% and a net margin of 12.76%. The business had revenue of $3.09 billion for the quarter. Sell-side analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Shinhan Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, June 6th.

Check Out Our Latest Stock Report on Shinhan Financial Group

Shinhan Financial Group Profile

(Free Report)

Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, 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.

Read More

Want to see what other hedge funds have SHG holdings? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shinhan Financial Group Co., Ltd. (NYSE:SHG – Free Report).

Receive News & Ratings for Shinhan Financial Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Shinhan Financial Group and related companies with MarketBeat.com’s FREE daily email newsletter.