5,712 Shares in Shinhan Financial Group Co., Ltd. (NYSE:SHG) Purchased by First Affirmative Financial Network

First Affirmative Financial Network bought a new stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 5,712 shares of the bank’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brandes Investment Partners LP lifted its stake in shares of Shinhan Financial Group by 54.3% during the fourth quarter. Brandes Investment Partners LP now owns 483,643 shares of the bank’s stock valued at $14,887,000 after buying an additional 170,135 shares during the period. Ramirez Asset Management Inc. acquired a new stake in Shinhan Financial Group in the 3rd quarter worth about $4,407,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Shinhan Financial Group by 147.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 95,773 shares of the bank’s stock valued at $2,537,000 after buying an additional 57,110 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Shinhan Financial Group by 51.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 131,410 shares of the bank’s stock valued at $3,481,000 after acquiring an additional 44,895 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Shinhan Financial Group by 9.2% during the 3rd quarter. American Century Companies Inc. now owns 514,638 shares of the bank’s stock worth $13,633,000 after acquiring an additional 43,516 shares during the period. Institutional investors and hedge funds own 7.76% of the company’s stock.

Analyst Upgrades and Downgrades

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

Shinhan Financial Group Stock Performance

SHG stock opened at $33.93 on Friday. The firm has a market cap of $17.28 billion, a P/E ratio of 5.59, a P/E/G ratio of 0.59 and a beta of 0.93. The stock’s 50 day simple moving average is $33.78 and its 200 day simple moving average is $32.47. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.49. Shinhan Financial Group Co., Ltd. has a 12-month low of $24.99 and a 12-month high of $38.65.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings data on Thursday, May 16th. The bank reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.35. The firm had revenue of $3.09 billion for the quarter. Shinhan Financial Group had a net margin of 12.76% and a return on equity of 7.23%. As a group, equities research analysts predict that Shinhan Financial Group Co., Ltd. will post 6.21 EPS for the current year.

About Shinhan Financial Group

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.