D. E. Shaw & Co. Inc. Purchases Shares of 177,326 Shinhan Financial Group Co., Ltd. (NYSE:SHG)

D. E. Shaw & Co. Inc. acquired a new stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 177,326 shares of the bank's stock, valued at approximately $5,830,000.

A number of other institutional investors also recently added to or reduced their stakes in SHG. Sierra Ocean LLC bought a new stake in Shinhan Financial Group during the fourth quarter valued at about $43,000. R Squared Ltd acquired a new stake in Shinhan Financial Group in the fourth quarter valued at approximately $76,000. Tower Research Capital LLC TRC boosted its stake 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 Shinhan Financial Group in the fourth quarter valued at approximately $125,000. Finally, Sterling Capital Management LLC boosted its stake in Shinhan Financial Group by 8.1% in the fourth 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 in the last quarter. Institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Stock Up 1.1%

NYSE SHG traded up $0.43 during trading on Tuesday, hitting $38.50. The company's stock had a trading volume of 118,489 shares, compared to its average volume of 178,029. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $19.38 billion, a PE ratio of 6.04, a P/E/G ratio of 0.44 and a beta of 0.84. The business's 50 day simple moving average is $33.76 and its 200-day simple moving average is $34.78. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $28.76 and a fifty-two week high of $46.05.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a research note 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.