Atlas Capital Advisors Inc. Purchases Shares of 9,446 Shinhan Financial Group Co Ltd $SHG

Atlas Capital Advisors Inc. purchased a new stake in Shinhan Financial Group Co Ltd (NYSE:SHG) during the fourth quarter, Holdings Channel reports. The firm purchased 9,446 shares of the bank’s stock, valued at approximately $507,000.

Other large investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. grew its position in Shinhan Financial Group by 71.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 481 shares of the bank’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Kestra Advisory Services LLC bought a new stake in Shinhan Financial Group in the fourth quarter valued at $38,000. Northwestern Mutual Wealth Management Co. grew its position in Shinhan Financial Group by 1,465.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 908 shares of the bank’s stock valued at $41,000 after acquiring an additional 850 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Shinhan Financial Group by 6,238.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 824 shares of the bank’s stock valued at $44,000 after acquiring an additional 811 shares during the period. Finally, Van ECK Associates Corp bought a new stake in Shinhan Financial Group in the fourth quarter valued at $56,000. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Price Performance

Shares of SHG stock opened at $69.90 on Tuesday. The stock’s fifty day moving average is $65.75 and its 200-day moving average is $61.46. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $33.18 billion, a PE ratio of 7.59, a PEG ratio of 0.53 and a beta of 0.93. Shinhan Financial Group Co Ltd has a 52 week low of $42.71 and a 52 week high of $73.40.

Shinhan Financial Group (NYSE:SHG) last announced its earnings results on Tuesday, March 31st. The bank reported $1.98 EPS for the quarter. Shinhan Financial Group had a return on equity of 10.97% and a net margin of 20.07%. Equities research analysts expect that Shinhan Financial Group Co Ltd will post 7.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on SHG. Zacks Research cut Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings upgraded Shinhan Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Shinhan Financial Group

Shinhan Financial Group is a South Korea–based financial holding company headquartered in Seoul. Established in 2001 as a banking and financial services group, it brings together a range of financial subsidiaries operating under the Shinhan brand, including commercial banking, card services, life insurance, securities and asset management businesses. The group serves both retail and corporate clients and is one of the leading diversified financial institutions in Korea.

The company’s principal activities span retail and corporate banking, credit card issuance and payment services, life insurance and related protection products, brokerage and investment banking, and asset and wealth management.