GC Wealth Management RIA LLC Makes New $234,000 Investment in Shinhan Financial Group Co Ltd $SHG

GC Wealth Management RIA LLC acquired a new position in Shinhan Financial Group Co Ltd (NYSE:SHG) in the 2nd quarter, Holdings Channel reports. The firm acquired 5,186 shares of the bank’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ballentine Partners LLC lifted its holdings in Shinhan Financial Group by 20.3% in the second quarter. Ballentine Partners LLC now owns 27,843 shares of the bank’s stock worth $1,258,000 after buying an additional 4,706 shares during the period. Foster Group Inc. purchased a new position in shares of Shinhan Financial Group during the second quarter valued at approximately $201,000. GAMMA Investing LLC lifted its holdings in shares of Shinhan Financial Group by 124.9% during the second quarter. GAMMA Investing LLC now owns 3,301 shares of the bank’s stock valued at $149,000 after purchasing an additional 1,833 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Shinhan Financial Group by 240.7% during the second quarter. Farther Finance Advisors LLC now owns 1,908 shares of the bank’s stock valued at $86,000 after purchasing an additional 1,348 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Shinhan Financial Group by 20.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,056 shares of the bank’s stock valued at $558,000 after purchasing an additional 2,080 shares during the last quarter. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SHG shares. Wall Street Zen lowered shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Zacks Research lowered shares of Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Shinhan Financial Group Price Performance

Shares of SHG opened at $50.31 on Friday. The company has a market capitalization of $24.42 billion, a P/E ratio of 5.04, a price-to-earnings-growth ratio of 0.54 and a beta of 0.94. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.48. The firm has a 50 day moving average of $48.88 and a 200 day moving average of $42.68. Shinhan Financial Group Co Ltd has a twelve month low of $28.76 and a twelve month high of $52.00.

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.