Wipfli Financial Advisors LLC purchased a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,112 shares of the bank's stock, valued at approximately $187,000.

Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of Shinhan Financial Group by 1.8% in the first quarter. BlackRock Inc. now owns 1,825,885 shares of the bank's stock worth $61,038,000 after purchasing an additional 32,458 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Shinhan Financial Group by 91.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 650,458 shares of the bank's stock valued at $21,745,000 after acquiring an additional 310,419 shares during the last quarter. Bank of America Corp DE increased its position in Shinhan Financial Group by 0.4% during the first quarter. Bank of America Corp DE now owns 561,698 shares of the bank's stock valued at $18,778,000 after acquiring an additional 2,462 shares during the last quarter. Northern Trust Corp increased its position in Shinhan Financial Group by 9.4% during the second quarter. Northern Trust Corp now owns 296,509 shares of the bank's stock valued at $8,468,000 after acquiring an additional 25,406 shares during the last quarter. Finally, Thomas White International Ltd. increased its position in Shinhan Financial Group by 2.9% during the first quarter. Thomas White International Ltd. now owns 201,231 shares of the bank's stock valued at $6,727,000 after acquiring an additional 5,689 shares during the last quarter. Hedge funds and other institutional investors own 2.57% of the company's stock.

Shinhan Financial Group Stock Up 5.4 %

Shinhan Financial Group stock opened at $32.21 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a fifty day moving average of $28.05 and a 200 day moving average of $26.96. The stock has a market cap of $16.39 billion, a PE ratio of 4.65, a price-to-earnings-growth ratio of 0.42 and a beta of 0.81. Shinhan Financial Group Co., Ltd. has a one year low of $22.98 and a one year high of $34.92.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Shinhan Financial Group from a "buy" rating to a "strong-buy" rating in a research report on Thursday.

Shinhan Financial Group Profile

(Get Rating)

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, Life 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.

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