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

Renaissance Technologies LLC raised its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 606.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,400 shares of the bank's stock after buying an additional 152,300 shares during the quarter. Renaissance Technologies LLC's holdings in Shinhan Financial Group were worth $5,833,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHG. Sierra Ocean LLC acquired a new stake in shares of Shinhan Financial Group during the 4th quarter valued at $43,000. R Squared Ltd bought a new position in shares of Shinhan Financial Group in the 4th quarter valued at approximately $76,000. M&T Bank Corp lifted its holdings in Shinhan Financial Group by 11.7% in the 4th quarter. M&T Bank Corp now owns 6,245 shares of the bank's stock worth $205,000 after purchasing an additional 655 shares during the last quarter. SVB Wealth LLC acquired a new stake in Shinhan Financial Group in the 4th quarter worth approximately $246,000. Finally, Aaron Wealth Advisors LLC boosted its position in Shinhan Financial Group by 3.9% during the fourth quarter. Aaron Wealth Advisors LLC now owns 7,627 shares of the bank's stock worth $251,000 after purchasing an additional 289 shares during the period. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Shinhan Financial Group Stock Performance

Shares of NYSE:SHG traded up $0.08 during trading on Wednesday, reaching $34.50. The stock had a trading volume of 75,849 shares, compared to its average volume of 172,073. Shinhan Financial Group Co., Ltd. has a 52 week low of $28.76 and a 52 week high of $46.05. 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 firm has a market capitalization of $17.37 billion, a price-to-earnings ratio of 5.41, a P/E/G ratio of 0.44 and a beta of 0.85. The stock has a fifty day simple moving average of $32.43 and a two-hundred day simple moving average of $35.47.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The business had revenue of $2.82 billion for the quarter. As a group, analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current fiscal 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.