231,157 Shares in Shinhan Financial Group Co., Ltd. (NYSE:SHG) Acquired by Millennium Management LLC

Millennium Management LLC acquired a new stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 231,157 shares of the bank's stock, valued at approximately $7,600,000.

Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in Shinhan Financial Group during the fourth quarter valued at about $690,000. AMG National Trust Bank purchased a new stake in shares of Shinhan Financial Group in the fourth quarter worth about $1,009,000. Yousif Capital Management LLC lifted its holdings in shares of Shinhan Financial Group by 514.6% in the fourth quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank's stock worth $1,551,000 after buying an additional 39,500 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Shinhan Financial Group by 33.8% in the fourth quarter. Blue Trust Inc. now owns 72,898 shares of the bank's stock worth $2,397,000 after buying an additional 18,402 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 worth $18,365,000 after buying an additional 71,574 shares in the last quarter. 7.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Shinhan Financial Group Price Performance

Shares of Shinhan Financial Group stock traded down $0.08 on Friday, reaching $41.46. The stock had a trading volume of 217,408 shares, compared to its average volume of 181,208. Shinhan Financial Group Co., Ltd. has a 1 year low of $28.76 and a 1 year high of $46.05. The company has a market cap of $20.87 billion, a P/E ratio of 6.51, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The business's 50 day moving average is $35.11 and its two-hundred day moving average is $34.82.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The firm had revenue of $2.82 billion for the quarter. As a group, research analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current 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.