Envestnet Asset Management Inc. Has $469,000 Stake in Shinhan Financial Group Co., Ltd. (SHG)

Envestnet Asset Management Inc. increased its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 10.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,429 shares of the company’s stock after buying an additional 1,164 shares during the period. Envestnet Asset Management Inc.’s holdings in Shinhan Financial Group Co. were worth $469,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. Orbis Allan Gray Ltd boosted its stake in Shinhan Financial Group Co. by 33.8% in the third quarter. Orbis Allan Gray Ltd now owns 209,070 shares of the company’s stock valued at $7,619,000 after buying an additional 52,852 shares during the last quarter. Allianz Asset Management AG acquired a new stake in Shinhan Financial Group Co. during the fourth quarter valued at $6,756,000. OLD Mission Capital LLC boosted its stake in Shinhan Financial Group Co. by 110.9% in the third quarter. OLD Mission Capital LLC now owns 60,838 shares of the company’s stock valued at $2,322,000 after buying an additional 31,993 shares during the last quarter. Profund Advisors LLC boosted its stake in Shinhan Financial Group Co. by 114.3% in the third quarter. Profund Advisors LLC now owns 24,434 shares of the company’s stock valued at $890,000 after buying an additional 13,034 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Shinhan Financial Group Co. by 76.0% in the third quarter. BlackRock Inc. now owns 24,590 shares of the company’s stock valued at $896,000 after buying an additional 10,621 shares during the last quarter. 2.12% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Shinhan Financial Group Co. (NYSE:SHG)

Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) opened at 43.58 on Tuesday. The company’s 50-day moving average price is $41.14 and its 200 day moving average price is $38.63. Shinhan Financial Group Co., Ltd. has a 1-year low of $30.57 and a 1-year high of $43.98. The stock has a market cap of $20.67 billion, a PE ratio of 8.78 and a beta of 1.08.

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Separately, Zacks Investment Research cut Shinhan Financial Group Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st.

About Shinhan Financial Group Co.

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.

5 Day Chart for NYSE:SHG

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