Two Sigma Advisers LP Buys Shares of 9,000 Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Two Sigma Advisers LP acquired a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,000 shares of the bank's stock, valued at approximately $296,000.

A number of other large investors also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in shares of Shinhan Financial Group during the fourth quarter worth about $43,000. Tower Research Capital LLC TRC boosted its holdings in Shinhan Financial Group by 1,884.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank's stock valued at $95,000 after purchasing an additional 2,751 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Shinhan Financial Group during the 4th quarter worth approximately $125,000. Sterling Capital Management LLC increased its position in Shinhan Financial Group by 8.1% during 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 raised its stake in shares of Shinhan Financial Group by 11.7% during the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank's stock worth $205,000 after buying an additional 655 shares in the last quarter. Hedge funds and other institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Price Performance

Shares of NYSE:SHG traded up $0.05 on Friday, reaching $42.92. 148,400 shares of the company were exchanged, compared to its average volume of 183,427. The company has a 50-day moving average of $36.07 and a 200-day moving average of $34.93. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The firm has a market cap of $21.28 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 0.44 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Shinhan Financial Group from a "hold" rating to a "buy" rating in a research note on Monday, May 19th.

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.