20,000 Shares in Shinhan Financial Group Co., Ltd. (NYSE:SHG) Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC bought a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 20,000 shares of the bank’s stock, valued at approximately $658,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. AMG National Trust Bank acquired a new position in Shinhan Financial Group during the 4th quarter valued at about $1,009,000. Yousif Capital Management LLC boosted its position in shares of Shinhan Financial Group by 514.6% during the fourth quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank’s stock worth $1,551,000 after buying an additional 39,500 shares during the period. Blue Trust Inc. grew its holdings in Shinhan Financial Group by 33.8% in the 4th quarter. Blue Trust Inc. now owns 72,898 shares of the bank’s stock worth $2,397,000 after buying an additional 18,402 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Shinhan Financial Group by 14.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,550 shares of the bank’s stock valued at $18,365,000 after acquiring an additional 71,574 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Shinhan Financial Group during the 4th quarter valued at $333,000. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Trading Up 0.4 %

NYSE:SHG opened at $36.16 on Friday. 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 fifty day moving average of $33.09 and a 200-day moving average of $34.97. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 5.68, a PEG ratio of 0.44 and a beta of 0.84.

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

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.