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 filing with the Securities and Exchange Commission. The firm bought 13,200 shares of the bank's stock, valued at approximately $434,000.

Several other large investors have also recently bought and sold shares of the stock. Quantinno Capital Management LP boosted its position in shares of Shinhan Financial Group by 6.3% during the 4th quarter. Quantinno Capital Management LP now owns 32,077 shares of the bank's stock worth $1,055,000 after acquiring an additional 1,903 shares in the last quarter. Millennium Management LLC bought a new stake in Shinhan Financial Group in the fourth quarter valued at $7,600,000. Lazard Asset Management LLC increased its stake in Shinhan Financial Group by 4.4% in the fourth quarter. Lazard Asset Management LLC now owns 1,353,820 shares of the bank's stock valued at $44,513,000 after purchasing an additional 57,640 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Shinhan Financial Group in the fourth quarter valued at $5,830,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Shinhan Financial Group in the fourth quarter valued at $1,342,000. 7.76% of the stock is owned by institutional investors.

Shinhan Financial Group Stock Up 2.5%

Shinhan Financial Group stock traded up $1.00 during midday trading on Tuesday, hitting $40.90. 168,447 shares of the stock were exchanged, compared to its average volume of 179,959. Shinhan Financial Group Co., Ltd. has a 52-week low of $28.76 and a 52-week high of $46.05. The stock has a market capitalization of $20.59 billion, a price-to-earnings ratio of 6.42, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84. The business's 50-day moving average price is $34.45 and its 200-day moving average price is $34.75. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share 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 for the quarter. On average, research analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.