Cubist Systematic Strategies LLC purchased a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,811 shares of the bank's stock, valued at approximately $1,342,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in Shinhan Financial Group in the fourth quarter valued at $43,000. R Squared Ltd acquired a new stake in Shinhan Financial Group in the fourth quarter valued at $76,000. Tower Research Capital LLC TRC raised its holdings in Shinhan Financial Group by 1,884.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank's stock valued at $95,000 after acquiring an additional 2,751 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Shinhan Financial Group during the fourth quarter worth $125,000. Finally, Sterling Capital Management LLC raised its holdings in shares of Shinhan Financial Group by 8.1% during the fourth quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock worth $183,000 after purchasing an additional 415 shares during the period. 7.76% of the stock is owned by institutional investors and hedge funds.
Shinhan Financial Group Stock Performance
Shares of NYSE:SHG traded down $0.06 on Friday, reaching $37.28. 116,422 shares of the company's stock were exchanged, compared to its average volume of 177,483. The firm has a market capitalization of $18.77 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 0.44 and a beta of 0.84. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $28.76 and a fifty-two week high of $46.05. The business's 50-day moving average is $33.63 and its two-hundred day moving average is $34.84. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53.
Shinhan Financial Group (NYSE:SHG - Get Free Report) last issued its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share 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 forecast that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current year.
About Shinhan Financial Group
(
Free Report)
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.
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