Oppenheimer Asset Management Inc. Boosts Holdings in Shinhan Financial Group Co Ltd (NYSE:SHG)

Oppenheimer Asset Management Inc. boosted its position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) by 45.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,201 shares of the bank's stock after acquiring an additional 8,507 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Shinhan Financial Group were worth $873,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp increased its stake in Shinhan Financial Group by 249.2% during the 4th quarter. Northern Trust Corp now owns 1,445,120 shares of the bank's stock valued at $47,516,000 after purchasing an additional 1,031,257 shares in the last quarter. Millennium Management LLC acquired a new position in Shinhan Financial Group during the 4th quarter valued at approximately $7,600,000. D. E. Shaw & Co. Inc. acquired a new position in Shinhan Financial Group during the 4th quarter valued at approximately $5,830,000. Renaissance Technologies LLC increased its stake in Shinhan Financial Group by 606.8% during the 4th quarter. Renaissance Technologies LLC now owns 177,400 shares of the bank's stock valued at $5,833,000 after purchasing an additional 152,300 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in Shinhan Financial Group during the 4th quarter valued at approximately $2,991,000. Hedge funds and other institutional investors own 7.76% of the company's stock.

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 note on Monday, May 19th.

Shinhan Financial Group Stock Up 0.3%

NYSE:SHG opened at $44.30 on Friday. The firm has a market capitalization of $21.97 billion, a P/E ratio of 5.77, a PEG ratio of 0.55 and a beta of 0.90. Shinhan Financial Group Co Ltd has a 1-year low of $28.76 and a 1-year high of $46.05. The company's fifty day moving average price is $39.66 and its 200-day moving average price is $35.52. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.04 and a quick ratio of 1.04.

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.

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