Vanguard Personalized Indexing Management LLC Buys 2,914 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Vanguard Personalized Indexing Management LLC raised its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,490 shares of the bank’s stock after buying an additional 2,914 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Shinhan Financial Group were worth $2,202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHG. GAMMA Investing LLC increased its stake in shares of Shinhan Financial Group by 68.1% during the 1st quarter. GAMMA Investing LLC now owns 1,577 shares of the bank’s stock worth $56,000 after purchasing an additional 639 shares during the last quarter. SageView Advisory Group LLC acquired a new position in Shinhan Financial Group in the 1st quarter valued at about $61,000. Allspring Global Investments Holdings LLC grew its stake in Shinhan Financial Group by 42.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,290 shares of the bank’s stock valued at $81,000 after buying an additional 678 shares during the last quarter. Janiczek Wealth Management LLC boosted its holdings in Shinhan Financial Group by 25.2% in the 1st quarter. Janiczek Wealth Management LLC now owns 2,886 shares of the bank’s stock valued at $103,000 after purchasing an additional 581 shares during the period. Finally, Fifth Third Bancorp bought a new stake in Shinhan Financial Group in the 2nd quarter valued at about $107,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Trading Down 3.8 %

Shares of NYSE SHG opened at $41.75 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.02 and a current ratio of 1.02. Shinhan Financial Group Co., Ltd. has a 52-week low of $25.09 and a 52-week high of $46.05. The firm has a 50 day moving average price of $41.46 and a two-hundred day moving average price of $36.91. The stock has a market cap of $21.27 billion, a P/E ratio of 6.88, a price-to-earnings-growth ratio of 0.75 and a beta of 0.92.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Friday, July 26th. The bank reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.19. The business had revenue of $3.25 billion for the quarter. Shinhan Financial Group had a net margin of 12.23% and a return on equity of 7.16%. As a group, equities analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.22 EPS for the current year.

Analyst Ratings Changes

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

Shinhan Financial Group Company Profile

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.