GAMMA Investing LLC Increases Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

GAMMA Investing LLC raised its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 2,895.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,093 shares of the bank's stock after buying an additional 45,521 shares during the quarter. GAMMA Investing LLC's holdings in Shinhan Financial Group were worth $1,468,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in Shinhan Financial Group by 4.3% during the fourth quarter. Ameriprise Financial Inc. now owns 8,575 shares of the bank's stock valued at $282,000 after buying an additional 351 shares during the last quarter. Aquatic Capital Management LLC increased its holdings in shares of Shinhan Financial Group by 2.8% in the 4th quarter. Aquatic Capital Management LLC now owns 14,471 shares of the bank's stock worth $476,000 after purchasing an additional 392 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Shinhan Financial Group by 8.1% in the 4th quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock worth $183,000 after purchasing an additional 415 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Shinhan Financial Group by 5.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,321 shares of the bank's stock worth $274,000 after purchasing an additional 442 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in shares of Shinhan Financial Group by 11.7% in the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank's stock worth $205,000 after purchasing an additional 655 shares in the last quarter. Hedge funds and other institutional investors own 7.76% of the company's stock.

Analysts Set New Price Targets

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

Shinhan Financial Group Stock Performance

NYSE:SHG opened at $43.34 on Friday. The stock has a 50-day simple moving average of $37.33 and a two-hundred day simple moving average of $35.07. Shinhan Financial Group Co., Ltd. has a 52-week low of $28.76 and a 52-week high of $46.05. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $21.49 billion, a PE ratio of 6.80, a P/E/G ratio of 0.44 and a beta of 0.90.

About Shinhan Financial Group

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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