Renaissance Technologies LLC Has $5.83 Million Stock Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Renaissance Technologies LLC grew its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 606.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,400 shares of the bank's stock after acquiring an additional 152,300 shares during the period. Renaissance Technologies LLC's holdings in Shinhan Financial Group were worth $5,833,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cerity Partners LLC grew its stake in Shinhan Financial Group by 12.8% in the fourth quarter. Cerity Partners LLC now owns 28,238 shares of the bank's stock valued at $1,008,000 after purchasing an additional 3,209 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Shinhan Financial Group in the 4th quarter valued at approximately $477,000. Groupama Asset Managment increased its holdings in Shinhan Financial Group by 72.5% in the fourth quarter. Groupama Asset Managment now owns 19,202 shares of the bank's stock worth $631,000 after buying an additional 8,071 shares during the last quarter. Trexquant Investment LP bought a new position in Shinhan Financial Group during the fourth quarter valued at approximately $941,000. Finally, Franklin Resources Inc. lifted its stake in Shinhan Financial Group by 66.1% in the fourth quarter. Franklin Resources Inc. now owns 138,774 shares of the bank's stock valued at $4,563,000 after acquiring an additional 55,250 shares during the last quarter. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Down 0.7 %

SHG stock traded down $0.26 during trading hours on Thursday, hitting $34.36. The company's stock had a trading volume of 18,551 shares, compared to its average volume of 171,420. The company has a market capitalization of $17.30 billion, a PE ratio of 5.39, a price-to-earnings-growth ratio of 0.44 and a beta of 0.85. The stock has a 50 day moving average price of $32.45 and a two-hundred day moving average price of $35.46. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a 12 month low of $28.76 and a 12 month high of $46.05.

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

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.