Vise Technologies Inc. Grows Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Vise Technologies Inc. raised its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 132.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,046 shares of the bank's stock after purchasing an additional 10,861 shares during the quarter. Vise Technologies Inc.'s holdings in Shinhan Financial Group were worth $626,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Northern Trust Corp lifted its holdings in Shinhan Financial Group by 249.2% in the fourth quarter. Northern Trust Corp now owns 1,445,120 shares of the bank's stock valued at $47,516,000 after acquiring an additional 1,031,257 shares during the last quarter. Millennium Management LLC acquired a new stake in Shinhan Financial Group during the fourth quarter worth $7,600,000. D. E. Shaw & Co. Inc. purchased a new stake in Shinhan Financial Group in the fourth quarter valued at $5,830,000. Renaissance Technologies LLC lifted its stake in shares of Shinhan Financial Group by 606.8% in 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 during the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in shares of Shinhan Financial Group during the 4th quarter worth $2,991,000. Hedge funds and other institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Trading Up 1.7%

Shares of Shinhan Financial Group stock traded up $0.70 on Thursday, reaching $41.58. The company had a trading volume of 179,576 shares, compared to its average volume of 180,054. The firm's 50 day moving average price is $34.79 and its two-hundred day moving average price is $34.83. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. Shinhan Financial Group Co., Ltd. has a 52-week low of $28.76 and a 52-week high of $46.05. The firm has a market cap of $20.93 billion, a PE ratio of 6.53, a PEG ratio of 0.44 and a beta of 0.84.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The company had revenue of $2.82 billion for the quarter. Sell-side analysts predict that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current fiscal year.

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 report on Monday, May 19th.

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.