Public Employees Retirement System of Ohio Buys 8,646 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Public Employees Retirement System of Ohio raised its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,024 shares of the bank's stock after acquiring an additional 8,646 shares during the period. Public Employees Retirement System of Ohio's holdings in Shinhan Financial Group were worth $2,006,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sierra Ocean LLC purchased a new position in shares of Shinhan Financial Group in the 4th quarter worth $43,000. Tower Research Capital LLC TRC grew its stake 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 valued at $95,000 after acquiring an additional 2,751 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Shinhan Financial Group in the fourth quarter worth about $125,000. Sterling Capital Management LLC grew its stake in Shinhan Financial Group by 8.1% in 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 in the last quarter. Finally, M&T Bank Corp grew its stake in Shinhan Financial Group by 11.7% in 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 in the last quarter. 7.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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 Trading Down 1.0%

NYSE SHG traded down $0.45 on Thursday, hitting $42.85. 233,049 shares of the stock were exchanged, compared to its average volume of 182,744. 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 current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $21.25 billion, a price-to-earnings ratio of 6.73, a P/E/G ratio of 0.44 and a beta of 0.84. The company's 50-day moving average price is $35.87 and its two-hundred day moving average price is $34.94.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.82 billion during the quarter. Research analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current year.

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.