Point72 Asset Management L.P. Invests $434,000 in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Point72 Asset Management L.P. bought a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,200 shares of the bank's stock, valued at approximately $434,000.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. grew its holdings in 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 grew its holdings in Shinhan Financial Group by 2.8% during the fourth quarter. Aquatic Capital Management LLC now owns 14,471 shares of the bank's stock valued at $476,000 after purchasing an additional 392 shares during the period. Sterling Capital Management LLC grew its holdings in Shinhan Financial Group by 8.1% during the fourth 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. M&T Bank Corp grew its holdings in Shinhan Financial Group by 11.7% during the fourth quarter. M&T Bank Corp now owns 6,245 shares of the bank's stock valued at $205,000 after purchasing an additional 655 shares during the period. Finally, Gabelli Funds LLC grew its holdings in Shinhan Financial Group by 3.4% during the fourth quarter. Gabelli Funds LLC now owns 30,400 shares of the bank's stock valued at $1,000,000 after purchasing an additional 1,000 shares during the period. 7.76% of the stock is owned by institutional investors.

Shinhan Financial Group Stock Performance

NYSE SHG traded up $0.56 on Thursday, hitting $41.44. 53,685 shares of the stock traded hands, compared to its average volume of 179,579. The business's fifty day moving average is $34.79 and its two-hundred day moving average is $34.83. Shinhan Financial Group Co., Ltd. has a 12 month low of $28.76 and a 12 month high of $46.05. The firm has a market capitalization of $20.86 billion, a price-to-earnings ratio of 6.51, a PEG 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 (NYSE:SHG - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The firm had revenue of $2.82 billion during the quarter. As a group, equities analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Shinhan Financial Group from a "hold" rating to a "buy" rating in a report on Monday, May 19th.

Shinhan Financial Group Company 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.