Shinhan Financial Group Co Ltd (NYSE:SHG) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in Shinhan Financial Group Co Ltd (NYSE:SHG) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,379 shares of the bank’s stock after buying an additional 3,994 shares during the quarter. Fisher Asset Management LLC’s holdings in Shinhan Financial Group Co were worth $3,029,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHG. Bank of New York Mellon Corp purchased a new position in Shinhan Financial Group Co during the 1st quarter valued at approximately $201,000. Ameriprise Financial Inc. purchased a new position in shares of Shinhan Financial Group Co in the 1st quarter worth approximately $315,000. Wellington Management Group LLP boosted its holdings in shares of Shinhan Financial Group Co by 23.9% in the 1st quarter. Wellington Management Group LLP now owns 103,188 shares of the bank’s stock worth $4,312,000 after purchasing an additional 19,886 shares during the period. FMR LLC boosted its holdings in shares of Shinhan Financial Group Co by 46.4% in the 1st quarter. FMR LLC now owns 45,111 shares of the bank’s stock worth $1,885,000 after purchasing an additional 14,300 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new position in shares of Shinhan Financial Group Co in the 1st quarter worth approximately $501,000. 2.34% of the stock is currently owned by hedge funds and other institutional investors.

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SHG has been the subject of a number of recent research reports. Zacks Investment Research upgraded Shinhan Financial Group Co from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Saturday, July 22nd. raised Shinhan Financial Group Co from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd.

Shares of Shinhan Financial Group Co Ltd (NYSE SHG) traded up $0.09 during midday trading on Tuesday, reaching $43.21. The company’s stock had a trading volume of 98,600 shares, compared to its average volume of 81,022. The company has a market cap of $20,447.46, a price-to-earnings ratio of 3.69, a PEG ratio of 1.40 and a beta of 1.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.46. Shinhan Financial Group Co Ltd has a 1-year low of $36.06 and a 1-year high of $48.98.

Shinhan Financial Group Co 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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