Trexquant Investment LP Invests $941,000 in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Trexquant Investment LP acquired a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 28,614 shares of the bank's stock, valued at approximately $941,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Aaron Wealth Advisors LLC lifted its position in Shinhan Financial Group by 3.9% during the 4th quarter. Aaron Wealth Advisors LLC now owns 7,627 shares of the bank's stock worth $251,000 after acquiring an additional 289 shares during the last quarter. M&T Bank Corp grew 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 valued at $205,000 after buying an additional 655 shares during the last quarter. Sanctuary Advisors LLC increased its position in Shinhan Financial Group by 8.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,210 shares of the bank's stock worth $366,000 after buying an additional 735 shares during the period. Sierra Ocean LLC acquired a new position in shares of Shinhan Financial Group during the fourth quarter worth approximately $43,000. Finally, Aprio Wealth Management LLC grew its stake in shares of Shinhan Financial Group by 13.2% in the fourth quarter. Aprio Wealth Management LLC now owns 12,576 shares of the bank's stock worth $413,000 after acquiring an additional 1,464 shares during the last quarter. Institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Stock Performance

NYSE SHG traded up $0.43 during midday trading on Wednesday, hitting $33.65. The company had a trading volume of 25,011 shares, compared to its average volume of 170,273. The firm has a fifty day simple moving average of $32.47 and a two-hundred day simple moving average of $35.75. The stock has a market cap of $16.94 billion, a price-to-earnings ratio of 5.29, a P/E/G ratio of 0.44 and a beta of 0.85. 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 fifty-two week low of $28.76 and a fifty-two week high of $46.05.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. The company had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. Equities analysts forecast 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.