NBC Securities Inc. increased its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 117,033.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,028 shares of the bank's stock after purchasing an additional 7,022 shares during the quarter. NBC Securities Inc.'s holdings in Shinhan Financial Group were worth $225,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Shinhan Financial Group during the fourth quarter worth $43,000. Tower Research Capital LLC TRC lifted its holdings in shares of 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 worth $95,000 after purchasing an additional 2,751 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Shinhan Financial Group during the fourth quarter worth $125,000. Sterling Capital Management LLC lifted its holdings in shares of Shinhan Financial Group by 8.1% during the fourth quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock worth $183,000 after purchasing an additional 415 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Shinhan Financial Group by 11.7% during the fourth quarter. M&T Bank Corp now owns 6,245 shares of the bank's stock worth $205,000 after purchasing an additional 655 shares during the period. 7.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
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.
Read Our Latest Stock Report on Shinhan Financial Group
Shinhan Financial Group Price Performance
SHG stock traded down $0.70 during trading on Wednesday, reaching $43.44. 125,537 shares of the company were exchanged, compared to its average volume of 184,294. 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 stock's 50 day moving average price is $36.79 and its 200 day moving average price is $35.06. 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 market cap of $21.54 billion, a P/E ratio of 6.82, a PEG ratio of 0.44 and a beta of 0.90.
Shinhan Financial Group Company Profile
(
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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