Shinhan Financial Group Co Ltd $SHG Shares Purchased by UBS Group AG

UBS Group AG increased its stake in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 129.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,613 shares of the bank’s stock after acquiring an additional 85,446 shares during the period. UBS Group AG’s holdings in Shinhan Financial Group were worth $8,131,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHG. Royal Bank of Canada grew its holdings in Shinhan Financial Group by 9.1% during the first quarter. Royal Bank of Canada now owns 126,217 shares of the bank’s stock worth $4,049,000 after acquiring an additional 10,534 shares during the period. AQR Capital Management LLC acquired a new stake in Shinhan Financial Group in the first quarter valued at approximately $210,000. Millennium Management LLC grew its holdings in Shinhan Financial Group by 152.0% in the first quarter. Millennium Management LLC now owns 582,570 shares of the bank’s stock valued at $18,689,000 after purchasing an additional 351,413 shares during the period. Goldman Sachs Group Inc. grew its holdings in Shinhan Financial Group by 57.9% in the first quarter. Goldman Sachs Group Inc. now owns 323,444 shares of the bank’s stock valued at $10,376,000 after purchasing an additional 118,548 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Shinhan Financial Group by 1,465.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 908 shares of the bank’s stock valued at $41,000 after purchasing an additional 850 shares during the period. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Up 0.1%

Shares of SHG opened at $64.21 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.54. The stock’s 50 day moving average is $64.18 and its two-hundred day moving average is $59.75. The firm has a market cap of $30.48 billion, a P/E ratio of 6.97, a PEG ratio of 0.50 and a beta of 0.97. Shinhan Financial Group Co Ltd has a 12 month low of $37.13 and a 12 month high of $73.40.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Tuesday, March 31st. The bank reported $1.98 earnings per share (EPS) for the quarter. Shinhan Financial Group had a return on equity of 11.02% and a net margin of 20.07%. Analysts predict that Shinhan Financial Group Co Ltd will post 7.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on SHG shares. Zacks Research lowered Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings lowered Shinhan Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

About Shinhan Financial Group

Shinhan Financial Group is a South Korea–based financial holding company headquartered in Seoul. Established in 2001 as a banking and financial services group, it brings together a range of financial subsidiaries operating under the Shinhan brand, including commercial banking, card services, life insurance, securities and asset management businesses. The group serves both retail and corporate clients and is one of the leading diversified financial institutions in Korea.

The company’s principal activities span retail and corporate banking, credit card issuance and payment services, life insurance and related protection products, brokerage and investment banking, and asset and wealth management.