BNP Paribas Financial Markets Acquires 83,213 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

BNP Paribas Financial Markets boosted its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 301.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,786 shares of the bank's stock after buying an additional 83,213 shares during the quarter. BNP Paribas Financial Markets' holdings in Shinhan Financial Group were worth $3,643,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. AMG National Trust Bank acquired a new stake in Shinhan Financial Group during the fourth quarter worth about $1,009,000. Yousif Capital Management LLC grew its position in Shinhan Financial Group by 514.6% in the 4th quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank's stock worth $1,551,000 after purchasing an additional 39,500 shares during the last quarter. Blue Trust Inc. grew its position in Shinhan Financial Group by 33.8% in the 4th quarter. Blue Trust Inc. now owns 72,898 shares of the bank's stock worth $2,397,000 after purchasing an additional 18,402 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Shinhan Financial Group by 14.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,550 shares of the bank's stock worth $18,365,000 after purchasing an additional 71,574 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Shinhan Financial Group in the 4th quarter worth about $333,000. Institutional investors and hedge funds own 7.76% of the company's stock.

Shinhan Financial Group Price Performance

SHG stock traded up $0.60 on Tuesday, hitting $38.67. 9,116 shares of the company's stock traded hands, compared to its average volume of 244,256. Shinhan Financial Group Co., Ltd. has a 1-year low of $28.76 and a 1-year high of $46.05. The stock has a market cap of $19.47 billion, a price-to-earnings ratio of 6.07, a P/E/G ratio of 0.44 and a beta of 0.84. The stock has a fifty day moving average of $33.76 and a 200-day moving average of $34.78. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its earnings results on Tuesday, March 4th. The bank reported $1.94 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%. On average, analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Shinhan Financial Group

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.