BNP Paribas Financial Markets Raises Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

BNP Paribas Financial Markets raised its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 301.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,786 shares of the bank's stock after purchasing an additional 83,213 shares during the period. BNP Paribas Financial Markets' holdings in Shinhan Financial Group were worth $3,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SHG. Aaron Wealth Advisors LLC lifted its holdings in shares of Shinhan Financial Group by 3.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 7,627 shares of the bank's stock valued at $251,000 after acquiring an additional 289 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings 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 valued at $282,000 after acquiring an additional 351 shares during the last quarter. Aquatic Capital Management LLC lifted its holdings in shares of Shinhan Financial Group by 2.8% in the 4th quarter. Aquatic Capital Management LLC now owns 14,471 shares of the bank's stock valued at $476,000 after acquiring an additional 392 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Shinhan Financial Group by 8.1% in the 4th quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock valued at $183,000 after acquiring an additional 415 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Shinhan Financial Group by 11.7% in the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank's stock valued at $205,000 after acquiring an additional 655 shares during the last quarter. Institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Trading Down 0.2%

NYSE SHG traded down $0.06 during trading on Friday, hitting $37.28. The stock had a trading volume of 116,422 shares, compared to its average volume of 178,001. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $18.77 billion, a price-to-earnings ratio of 5.85, a P/E/G ratio of 0.44 and a beta of 0.84. Shinhan Financial Group Co., Ltd. has a one year low of $28.76 and a one year high of $46.05. The stock has a 50 day simple moving average of $33.63 and a 200 day simple moving average of $34.84.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The business had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. Sell-side analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current year.

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.