Point72 Asset Management L.P. Makes New Investment in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

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

Other hedge funds have also added to or reduced their stakes in the company. AMG National Trust Bank acquired a new position in Shinhan Financial Group in the 4th quarter valued at $1,009,000. Yousif Capital Management LLC raised its holdings 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 valued at $1,551,000 after acquiring an additional 39,500 shares in the last quarter. Blue Trust Inc. raised its holdings in Shinhan Financial Group by 33.8% in the 4th quarter. Blue Trust Inc. now owns 72,898 shares of the bank's stock valued at $2,397,000 after acquiring an additional 18,402 shares in the last quarter. Jane Street Group LLC acquired a new position in Shinhan Financial Group in the 4th quarter valued at $690,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings 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 valued at $18,365,000 after acquiring an additional 71,574 shares in the last quarter. 7.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 Price Performance

Shares of SHG stock traded down $0.10 on Wednesday, hitting $40.85. 88,193 shares of the company's stock were exchanged, compared to its average volume of 242,727. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. Shinhan Financial Group Co., Ltd. has a 12 month low of $28.76 and a 12 month high of $46.05. The stock has a market cap of $20.56 billion, a P/E ratio of 6.42, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84. The company has a 50 day moving average of $34.62 and a 200 day moving average of $34.79.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last released 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%. On average, equities research analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current year.

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.