Jane Street Group LLC Makes New $690,000 Investment in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Jane Street Group LLC purchased a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,998 shares of the bank's stock, valued at approximately $690,000.

A number of other large investors have also made changes to their positions in SHG. Northern Trust Corp grew its position in shares of Shinhan Financial Group by 249.2% in the fourth quarter. Northern Trust Corp now owns 1,445,120 shares of the bank's stock valued at $47,516,000 after purchasing an additional 1,031,257 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Shinhan Financial Group by 606.8% in the fourth quarter. Renaissance Technologies LLC now owns 177,400 shares of the bank's stock valued at $5,833,000 after purchasing an additional 152,300 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Shinhan Financial Group by 1,834.3% in the fourth quarter. JPMorgan Chase & Co. now owns 85,999 shares of the bank's stock valued at $2,828,000 after purchasing an additional 81,553 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Shinhan Financial Group by 14.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,550 shares of the bank's stock valued at $18,365,000 after purchasing an additional 71,574 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Shinhan Financial Group by 66.1% in the fourth quarter. Franklin Resources Inc. now owns 138,774 shares of the bank's stock valued at $4,563,000 after purchasing an additional 55,250 shares in the last quarter. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Shinhan Financial Group Trading Down 0.2%

SHG traded down $0.07 during trading hours on Wednesday, reaching $40.88. The company's stock had a trading volume of 132,836 shares, compared to its average volume of 179,771. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $28.76 and a fifty-two week high of $46.05. The stock has a market cap of $20.58 billion, a PE ratio of 6.42, a P/E/G ratio of 0.44 and a beta of 0.84. The business's 50-day moving average is $34.62 and its 200-day moving average is $34.79. 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 (NYSE:SHG - Get Free Report) last released its quarterly earnings data 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 for the quarter. As a group, equities research analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current fiscal 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.