Atlas Capital Advisors LLC Grows Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Atlas Capital Advisors LLC raised its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 104.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,258 shares of the bank’s stock after purchasing an additional 3,703 shares during the period. Atlas Capital Advisors LLC’s holdings in Shinhan Financial Group were worth $258,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Ballentine Partners LLC raised its stake in Shinhan Financial Group by 22.3% in the first quarter. Ballentine Partners LLC now owns 29,153 shares of the bank’s stock worth $1,035,000 after buying an additional 5,317 shares in the last quarter. First Affirmative Financial Network purchased a new position in shares of Shinhan Financial Group in the 1st quarter worth approximately $203,000. Aprio Wealth Management LLC raised its stake in shares of Shinhan Financial Group by 7.1% during the 1st quarter. Aprio Wealth Management LLC now owns 10,021 shares of the bank’s stock worth $356,000 after acquiring an additional 660 shares in the last quarter. GAMMA Investing LLC lifted its position in Shinhan Financial Group by 68.1% during the first quarter. GAMMA Investing LLC now owns 1,577 shares of the bank’s stock valued at $56,000 after acquiring an additional 639 shares during the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in Shinhan Financial Group in the first quarter valued at approximately $245,000. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Analyst Ratings Changes

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

Shinhan Financial Group Stock Up 0.4 %

SHG stock opened at $34.27 on Friday. The firm has a 50 day moving average of $34.07 and a 200 day moving average of $32.60. The stock has a market capitalization of $17.46 billion, a PE ratio of 5.65, a price-to-earnings-growth ratio of 0.59 and a beta of 0.93. Shinhan Financial Group Co., Ltd. has a 52 week low of $24.99 and a 52 week high of $38.65. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.49.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Thursday, May 16th. The bank reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.35. The company 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%. Sell-side analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.21 earnings per share for the current year.

Shinhan Financial Group 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.