9,087 Shares in Shinhan Financial Group Co Ltd (NYSE:SHG) Acquired by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. bought a new position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,087 shares of the bank's stock, valued at approximately $322,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northern Trust Corp boosted its stake 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 worth $47,516,000 after buying an additional 1,031,257 shares in the last quarter. Lazard Asset Management LLC lifted its position in Shinhan Financial Group by 4.4% during the 4th quarter. Lazard Asset Management LLC now owns 1,353,820 shares of the bank's stock worth $44,513,000 after buying an additional 57,640 shares in the last quarter. American Century Companies Inc. lifted its position in Shinhan Financial Group by 5.7% during the 4th quarter. American Century Companies Inc. now owns 786,028 shares of the bank's stock worth $25,845,000 after buying an additional 42,575 shares in the last quarter. Causeway Capital Management LLC lifted its position in Shinhan Financial Group by 6.8% during the 4th quarter. Causeway Capital Management LLC now owns 325,639 shares of the bank's stock worth $10,707,000 after buying an additional 20,766 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Shinhan Financial Group by 1.2% during the 4th quarter. Wellington Management Group LLP now owns 266,596 shares of the bank's stock worth $8,766,000 after buying an additional 3,144 shares in the last quarter. Institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Trading Up 0.7%

Shares of SHG stock traded up $0.32 on Thursday, reaching $50.00. The company had a trading volume of 138,367 shares, compared to its average volume of 198,170. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.51. The stock has a market cap of $24.79 billion, a PE ratio of 6.51, a PEG ratio of 0.61 and a beta of 0.92. The company has a 50-day moving average of $42.98 and a 200-day moving average of $36.76. Shinhan Financial Group Co Ltd has a 12 month low of $28.76 and a 12 month high of $51.48.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded 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.