Cubist Systematic Strategies LLC Buys Shares of 40,811 Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Cubist Systematic Strategies LLC bought a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 40,811 shares of the bank's stock, valued at approximately $1,342,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BNP Paribas Financial Markets boosted its stake in shares of Shinhan Financial Group by 301.8% in the 4th quarter. BNP Paribas Financial Markets now owns 110,786 shares of the bank's stock worth $3,643,000 after buying an additional 83,213 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Shinhan Financial Group by 4.3% in the 4th quarter. Ameriprise Financial Inc. now owns 8,575 shares of the bank's stock worth $282,000 after buying an additional 351 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Shinhan Financial Group by 43.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,519 shares of the bank's stock worth $444,000 after buying an additional 4,067 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Shinhan Financial Group in the 4th quarter worth approximately $125,000. Finally, Jane Street Group LLC bought a new stake in shares of Shinhan Financial Group in the 4th quarter worth approximately $690,000. Hedge funds and other institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Stock Performance

Shares of NYSE:SHG traded up $0.78 during mid-day trading on Monday, reaching $38.05. The company had a trading volume of 244,442 shares, compared to its average volume of 178,267. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The firm has a market cap of $19.16 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 0.44 and a beta of 0.84. The company's 50-day moving average price is $33.76 and its 200-day moving average price is $34.78. Shinhan Financial Group Co., Ltd. has a one year low of $28.76 and a one year high of $46.05.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. The company had revenue of $2.82 billion for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. As a group, equities research analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a report on Monday.

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.