Wetherby Asset Management Inc. increased its position in Shinhan Financial Group Co Ltd (NYSE:SHG) by 7.8% during the second quarter, Holdings Channel reports. The firm owned 21,968 shares of the bank’s stock after buying an additional 1,595 shares during the period. Wetherby Asset Management Inc.’s holdings in Shinhan Financial Group Co were worth $956,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Shinhan Financial Group Co by 2.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,844 shares of the bank’s stock worth $328,000 after buying an additional 170 shares during the period. US Bancorp DE boosted its position in shares of Shinhan Financial Group Co by 5.8% in the first quarter. US Bancorp DE now owns 3,919 shares of the bank’s stock worth $164,000 after buying an additional 215 shares during the period. Comerica Bank boosted its position in shares of Shinhan Financial Group Co by 1.2% in the first quarter. Comerica Bank now owns 28,197 shares of the bank’s stock worth $1,188,000 after buying an additional 334 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Shinhan Financial Group Co by 2.0% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,460 shares of the bank’s stock worth $855,000 after buying an additional 400 shares during the period. Finally, World Asset Management Inc boosted its position in shares of Shinhan Financial Group Co by 1.5% in the first quarter. World Asset Management Inc now owns 29,537 shares of the bank’s stock worth $1,234,000 after buying an additional 433 shares during the period. Hedge funds and other institutional investors own 2.35% of the company’s stock.

Shinhan Financial Group Co Ltd (NYSE SHG) opened at 47.06 on Friday. The stock has a market cap of $22.44 billion, a PE ratio of 7.86 and a beta of 1.08. The stock has a 50 day moving average price of $45.31 and a 200-day moving average price of $43.08. Shinhan Financial Group Co Ltd has a one year low of $35.15 and a one year high of $48.98.

TRADEMARK VIOLATION WARNING: “Wetherby Asset Management Inc. Buys 1,595 Shares of Shinhan Financial Group Co Ltd (NYSE:SHG)” was first published by Daily Political and is the property of of Daily Political. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/08/11/wetherby-asset-management-inc-buys-1595-shares-of-shinhan-financial-group-co-ltd-nyseshg.html.

Separately, Zacks Investment Research upgraded Shinhan Financial Group Co from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a report on Wednesday, June 21st.

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.

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

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

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