Hantz Financial Services Inc. Takes $887,000 Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Hantz Financial Services Inc. acquired a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 25,481 shares of the bank's stock, valued at approximately $887,000.

Several other hedge funds have also added to or reduced their stakes in SHG. GAMMA Investing LLC acquired a new position in shares of Shinhan Financial Group during the fourth quarter worth $29,000. Natixis Advisors L.P. increased its stake in shares of Shinhan Financial Group by 6.7% in the fourth quarter. Natixis Advisors L.P. now owns 85,201 shares of the bank's stock valued at $2,622,000 after buying an additional 5,385 shares during the period. Summit Global Investments raised its position in shares of Shinhan Financial Group by 13.6% during the fourth quarter. Summit Global Investments now owns 11,060 shares of the bank's stock worth $340,000 after acquiring an additional 1,327 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of Shinhan Financial Group by 10.0% in the fourth quarter. QRG Capital Management Inc. now owns 13,869 shares of the bank's stock worth $427,000 after acquiring an additional 1,262 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in Shinhan Financial Group by 15.8% in the fourth quarter. Quadrant Capital Group LLC now owns 37,422 shares of the bank's stock valued at $1,152,000 after acquiring an additional 5,108 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Trading Down 1.8 %

Shinhan Financial Group stock traded down $0.78 during trading hours on Friday, reaching $42.45. 129,585 shares of the company's stock were exchanged, compared to its average volume of 119,940. The firm's 50 day simple moving average is $39.69 and its 200 day simple moving average is $35.94. Shinhan Financial Group Co., Ltd. has a twelve month low of $25.09 and a twelve month high of $46.05. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $21.62 billion, a PE ratio of 6.99, a PEG ratio of 0.75 and a beta of 0.93.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its earnings results on Friday, July 26th. The bank reported $1.97 EPS for the quarter, topping the consensus estimate of $1.78 by $0.19. Shinhan Financial Group had a return on equity of 7.16% and a net margin of 12.23%. The business had revenue of $3.25 billion during the quarter. Research analysts predict that Shinhan Financial Group Co., Ltd. will post 6.22 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Shinhan Financial Group from a "buy" rating to a "hold" rating in a research report on Thursday, June 6th.

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.