NBC Securities Inc. Raises Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

NBC Securities Inc. increased its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 117,033.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Sierra Ocean LLC bought a new position in shares of Shinhan Financial Group during the fourth quarter valued at about $43,000. Tower Research Capital LLC TRC boosted its holdings in Shinhan Financial Group by 1,884.2% during the 4th 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 period. Itau Unibanco Holding S.A. bought a new position in Shinhan Financial Group during the 4th quarter worth approximately $125,000. Sterling Capital Management LLC increased its stake in 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 during the period. Finally, M&T Bank Corp increased its stake in 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 during the period. 7.76% of the stock is owned by institutional investors.

Shinhan Financial Group Trading Up 3.2%

Shinhan Financial Group stock traded up $1.37 during trading hours on Monday, reaching $44.27. The stock had a trading volume of 312,531 shares, compared to its average volume of 183,944. The company has a fifty day simple moving average of $36.07 and a 200-day simple moving average of $34.90. Shinhan Financial Group Co., Ltd. has a 52 week low of $28.76 and a 52 week high of $46.05. The stock has a market cap of $21.95 billion, a PE ratio of 6.95, a PEG ratio of 0.44 and a beta of 0.90. The company has a debt-to-equity ratio of 1.53, 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 Monday, May 19th.

Shinhan Financial Group Company 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.