Voloridge Investment Management LLC Invests $2.99 Million in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Voloridge Investment Management LLC acquired a new position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 90,975 shares of the bank's stock, valued at approximately $2,991,000.

Other large investors have also modified their holdings of the company. Sierra Ocean LLC purchased a new position in shares of Shinhan Financial Group during the 4th quarter worth about $43,000. R Squared Ltd purchased a new position in shares of Shinhan Financial Group during the 4th quarter worth about $76,000. Tower Research Capital LLC TRC lifted its holdings 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 worth $95,000 after acquiring an additional 2,751 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Shinhan Financial Group during the 4th quarter worth about $125,000. Finally, Sterling Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 415 shares during the period. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Down 0.2%

NYSE:SHG traded down $0.08 during trading hours on Friday, hitting $41.46. The stock had a trading volume of 217,408 shares, compared to its average volume of 181,208. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a 1-year low of $28.76 and a 1-year high of $46.05. The business has a 50 day simple moving average of $35.11 and a two-hundred day simple moving average of $34.79. The company has a market cap of $20.56 billion, a PE ratio of 6.51, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84.

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

Analyst Ratings Changes

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.