Quantbot Technologies LP Buys New Shares in Shinhan Financial Group Co Ltd $SHG

Key Points

• Quantbot Technologies LP has invested approximately $462,000 in Shinhan Financial Group by acquiring 14,391 shares of the bank's stock in the first quarter.
• Shinhan Financial Group stock recently received a rating upgrade from "hold" to "buy" by Wall Street Zen, indicating a positive outlook from analysts.
• The company has a market capitalization of $23.21 billion and has seen fluctuations in its stock price, with a twelve-month low of $28.76 and a high of $52.00.

Quantbot Technologies LP bought a new stake in Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,391 shares of the bank's stock, valued at approximately $462,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wayfinding Financial LLC purchased a new position in Shinhan Financial Group during the first quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Shinhan Financial Group during the 1st quarter worth approximately $28,000. Tower Research Capital LLC TRC raised its position in shares of 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 buying an additional 2,751 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Shinhan Financial Group in the fourth quarter valued at approximately $125,000. Finally, Bessemer Group Inc. lifted its holdings in Shinhan Financial Group by 14.7% in the first quarter. Bessemer Group Inc. now owns 4,077 shares of the bank's stock valued at $131,000 after acquiring an additional 522 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Shinhan Financial Group from a "buy" rating to a "hold" rating in a research report on Saturday.

Shinhan Financial Group Trading Down 1.7%

NYSE SHG traded down $0.84 during trading on Friday, hitting $47.21. The stock had a trading volume of 194,475 shares, compared to its average volume of 132,368. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $22.92 billion, a PE ratio of 4.73, a PEG ratio of 0.51 and a beta of 0.96. The firm has a 50 day moving average price of $48.31 and a 200 day moving average price of $40.08. Shinhan Financial Group Co Ltd has a twelve month low of $28.76 and a twelve month high of $52.00.

About Shinhan Financial Group

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.