Aigen Investment Management LP acquired a new stake in shares of Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,954 shares of the bank's stock, valued at approximately $255,000.
Several other large investors have also added to or reduced their stakes in SHG. Wayfinding Financial LLC purchased a new position in Shinhan Financial Group during the first quarter valued at approximately $25,000. Cullen Frost Bankers Inc. purchased a new stake in Shinhan Financial Group during the first quarter valued at $28,000. Tower Research Capital LLC TRC increased its position in Shinhan Financial Group by 1,884.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank's stock valued at $95,000 after acquiring an additional 2,751 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Shinhan Financial Group in the 4th quarter worth about $125,000. Finally, Bessemer Group Inc. raised its position in Shinhan Financial Group by 14.7% in the 1st quarter. Bessemer Group Inc. now owns 4,077 shares of the bank's stock worth $131,000 after purchasing an additional 522 shares during the period. Hedge funds and other institutional investors own 7.76% of the company's stock.
Shinhan Financial Group Stock Performance
SHG stock traded down $0.35 during midday trading on Tuesday, hitting $48.39. 39,593 shares of the stock traded hands, compared to its average volume of 229,663. The stock's fifty day simple moving average is $47.52 and its 200-day simple moving average is $39.23. Shinhan Financial Group Co Ltd has a 1-year low of $28.76 and a 1-year high of $52.00. The firm has a market cap of $23.49 billion, a P/E ratio of 4.85, a PEG ratio of 0.54 and a beta of 0.93. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.04 and a quick ratio of 1.04.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd.
Read Our Latest Research Report on Shinhan Financial Group
About Shinhan Financial Group
(
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.
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