D. E. Shaw & Co. Inc. bought a new stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 177,326 shares of the bank's stock, valued at approximately $5,830,000.
A number of other large investors have also modified their holdings of SHG. Aaron Wealth Advisors LLC increased its position 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 worth $251,000 after purchasing an additional 289 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Shinhan Financial Group by 4.3% during the fourth quarter. Ameriprise Financial Inc. now owns 8,575 shares of the bank's stock valued at $282,000 after purchasing an additional 351 shares during the period. Aquatic Capital Management LLC boosted its holdings in shares of Shinhan Financial Group by 2.8% in the fourth 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 in the last quarter. Sterling Capital Management LLC increased its position in shares of Shinhan Financial Group by 8.1% during the 4th quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock valued at $183,000 after purchasing an additional 415 shares during the period. Finally, M&T Bank Corp lifted its holdings in 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 and hedge funds own 7.76% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a report on Monday.
Get Our Latest Analysis on Shinhan Financial Group
Shinhan Financial Group Stock Performance
NYSE:SHG remained flat at $38.80 during trading hours on Thursday. The company had a trading volume of 43,863 shares, compared to its average volume of 178,178. The stock has a fifty day moving average price of $34.04 and a two-hundred day moving average price of $34.83. The stock has a market cap of $19.53 billion, a price-to-earnings ratio of 6.09, a P/E/G ratio of 0.44 and a beta of 0.84. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. Shinhan Financial Group Co., Ltd. has a 52-week low of $28.76 and a 52-week high of $46.05.
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 return on equity of 7.34% and a net margin of 12.21%. On average, equities research analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share 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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