Goldman Sachs Group Inc. raised its stake in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 18.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 148,474 shares of the bank’s stock after buying an additional 23,407 shares during the period. Goldman Sachs Group Inc.’s holdings in Shinhan Financial Group Co were worth $6,204,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in SHG. Karp Capital Management Corp acquired a new position in shares of Shinhan Financial Group Co during the first quarter valued at about $12,576,000. Parametric Portfolio Associates LLC boosted its position in shares of Shinhan Financial Group Co by 69.3% in the first quarter. Parametric Portfolio Associates LLC now owns 311,896 shares of the bank’s stock valued at $13,034,000 after buying an additional 127,650 shares during the period. Candriam Luxembourg S.C.A. acquired a new position in shares of Shinhan Financial Group Co during the first quarter valued at about $2,182,000. Renaissance Technologies LLC acquired a new position in shares of Shinhan Financial Group Co during the fourth quarter valued at about $1,103,000. Finally, Sensato Investors LLC acquired a new position in shares of Shinhan Financial Group Co during the first quarter valued at about $1,162,000. Hedge funds and other institutional investors own 2.34% of the company’s stock.
Shares of Shinhan Financial Group Co Ltd (NYSE:SHG) opened at 46.70 on Monday. Shinhan Financial Group Co Ltd has a 1-year low of $34.49 and a 1-year high of $46.90. The stock has a 50 day moving average of $43.89 and a 200-day moving average of $42.12. The company has a market capitalization of $22.27 billion, a price-to-earnings ratio of 7.85 and a beta of 1.06.
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Separately, Zacks Investment Research cut shares of Shinhan Financial Group Co from a “buy” rating to a “hold” rating in a research report 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.
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