Walleye Capital LLC Acquires Shares of 10,188 Shinhan Financial Group Co Ltd $SHG

Key Points

• Walleye Capital LLC has made a significant investment of $327,000 in Shinhan Financial Group by acquiring 10,188 shares in the first quarter.
• Shinhan Financial Group's stock has a market cap of $23.18 billion and has seen a 1-year price fluctuation with a low of $28.76 and a high of $52.00.
• Recently, Wall Street Zen downgraded Shinhan Financial Group from a "buy" rating to a "hold" rating.

Walleye Capital LLC acquired a new stake in Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,188 shares of the bank's stock, valued at approximately $327,000.

A number of other large investors have also recently added to or reduced their stakes in SHG. Wayfinding Financial LLC acquired a new position in Shinhan Financial Group during the first quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new position in Shinhan Financial Group during the first quarter worth $28,000. Tower Research Capital LLC TRC lifted its stake in 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 worth $95,000 after purchasing an additional 2,751 shares in the last quarter. Bessemer Group Inc. lifted its stake in Shinhan Financial Group by 14.7% during the first quarter. Bessemer Group Inc. now owns 4,077 shares of the bank's stock worth $131,000 after purchasing an additional 522 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in Shinhan Financial Group during the first quarter worth $203,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Shinhan Financial Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th.

Shinhan Financial Group Stock Down 0.2%

NYSE:SHG traded down $0.11 during trading hours on Friday, hitting $46.79. The company's stock had a trading volume of 211,270 shares, compared to its average volume of 128,303. The stock has a market capitalization of $22.72 billion, a P/E ratio of 4.69, a price-to-earnings-growth ratio of 0.50 and a beta of 0.96. The stock has a fifty day moving average of $48.60 and a 200-day moving average of $40.49. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.48. Shinhan Financial Group Co Ltd has a 52-week low of $28.76 and a 52-week high of $52.00.

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.