Wetherby Asset Management Inc. Increases Stake in Shinhan Financial Group Co Ltd (NYSE:SHG)

Wetherby Asset Management Inc. boosted its stake in Shinhan Financial Group Co Ltd (NYSE:SHG) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of Shinhan Financial Group Co during the fourth quarter valued at about $262,000. FMR LLC raised its stake in shares of Shinhan Financial Group Co by 10.7% in the fourth quarter. FMR LLC now owns 30,811 shares of the bank’s stock valued at $1,160,000 after buying an additional 2,981 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Shinhan Financial Group Co during the fourth quarter valued at about $1,103,000. Capstone Asset Management Co. raised its stake in shares of Shinhan Financial Group Co by 3.8% in the first quarter. Capstone Asset Management Co. now owns 71,414 shares of the bank’s stock valued at $2,984,000 after buying an additional 2,630 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. purchased a new stake in shares of Shinhan Financial Group Co during the first quarter valued at about $2,182,000. 2.35% of the stock is owned by institutional investors and hedge funds.

Shares of Shinhan Financial Group Co Ltd (NYSE SHG) opened at 47.06 on Friday. Shinhan Financial Group Co Ltd has a 52 week low of $35.15 and a 52 week high of $48.98. The stock has a market cap of $22.44 billion, a price-to-earnings ratio of 7.86 and a beta of 1.08. The firm has a 50-day moving average price of $45.31 and a 200 day moving average price of $43.08.

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Separately, Zacks Investment Research lowered Shinhan Financial Group Co from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th.

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.

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

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