Jane Street Group LLC Purchases New Shares in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

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

Other institutional investors also recently modified their holdings of the company. Northern Trust Corp grew its position in Shinhan Financial Group by 249.2% during the fourth quarter. Northern Trust Corp now owns 1,445,120 shares of the bank's stock valued at $47,516,000 after buying an additional 1,031,257 shares during the period. American Century Companies Inc. increased its stake in shares of Shinhan Financial Group by 5.7% in the 4th quarter. American Century Companies Inc. now owns 786,028 shares of the bank's stock worth $25,845,000 after purchasing an additional 42,575 shares in the last quarter. 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 worth $18,365,000 after purchasing an additional 71,574 shares during the period. Causeway Capital Management LLC lifted its position in Shinhan Financial Group by 6.8% during the fourth quarter. Causeway Capital Management LLC now owns 325,639 shares of the bank's stock valued at $10,707,000 after purchasing an additional 20,766 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Shinhan Financial Group by 1.2% during the fourth quarter. Wellington Management Group LLP now owns 266,596 shares of the bank's stock valued at $8,766,000 after purchasing an additional 3,144 shares during the period. 7.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 Stock Performance

Shinhan Financial Group stock traded down $0.05 during trading hours on Friday, hitting $41.49. 27,795 shares of the stock traded hands, compared to its average volume of 179,873. 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 1 year low of $28.76 and a 1 year high of $46.05. The firm's 50 day moving average price is $34.95 and its 200-day moving average price is $34.84. The stock has a market capitalization of $20.89 billion, a price-to-earnings ratio of 6.52, a P/E/G ratio of 0.44 and a beta of 0.84.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. The company 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%. As a group, equities analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal year.

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.