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.
Read Our Latest Report on SHG
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
(
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.
Further Reading

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