SG Americas Securities LLC bought a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,116 shares of the bank's stock, valued at approximately $333,000.
A number of other hedge funds have also added to or reduced their stakes in SHG. Connor Clark & Lunn Investment Management Ltd. grew its stake in Shinhan Financial Group by 21.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,976 shares of the bank's stock worth $20,633,000 after acquiring an additional 85,539 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Shinhan Financial Group during the third quarter valued at approximately $2,982,000. Public Employees Retirement System of Ohio bought a new position in shares of Shinhan Financial Group during the third quarter valued at approximately $2,219,000. Pathstone Holdings LLC boosted its stake in shares of Shinhan Financial Group by 103.9% during the third quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank's stock valued at $3,060,000 after purchasing an additional 36,815 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Shinhan Financial Group by 119.3% during the third quarter. Blue Trust Inc. now owns 54,496 shares of the bank's stock valued at $2,309,000 after purchasing an additional 29,646 shares in the last quarter. 7.76% of the stock is currently owned by institutional investors.
Shinhan Financial Group Stock Down 2.5 %
Shares of NYSE SHG traded down $0.86 during midday trading on Friday, reaching $33.70. 144,146 shares of the company's stock traded hands, compared to its average volume of 178,126. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The stock's 50 day simple moving average is $34.72 and its 200-day simple moving average is $39.01. Shinhan Financial Group Co., Ltd. has a one year low of $29.25 and a one year high of $46.05. The company has a market cap of $16.97 billion, a price-to-earnings ratio of 5.29, a P/E/G ratio of 0.50 and a beta of 0.94.
Shinhan Financial Group Company Profile
(
Free Report)
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.
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