20,998 Shares in Shinhan Financial Group Co., Ltd. (NYSE:SHG) Acquired by Jane Street Group LLC

Jane Street Group LLC purchased a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,998 shares of the bank’s stock, valued at approximately $690,000.

A number of other hedge funds also recently modified their holdings of the stock. Aquatic Capital Management LLC raised its holdings in shares of Shinhan Financial Group by 2.8% in the 4th quarter. Aquatic Capital Management LLC now owns 14,471 shares of the bank’s stock worth $476,000 after purchasing an additional 392 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Shinhan Financial Group by 8.1% in the 4th quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank’s stock worth $183,000 after purchasing an additional 415 shares during the period. M&T Bank Corp raised its holdings in shares of 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 period. Gabelli Funds LLC raised its holdings in shares of Shinhan Financial Group by 3.4% in the 4th quarter. Gabelli Funds LLC now owns 30,400 shares of the bank’s stock worth $1,000,000 after purchasing an additional 1,000 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Shinhan Financial Group by 4.5% in the 4th quarter. Stifel Financial Corp now owns 29,024 shares of the bank’s stock worth $954,000 after purchasing an additional 1,242 shares during the period. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Trading Up 2.5%

Shares of SHG stock opened at $39.91 on Monday. The company’s fifty day simple moving average is $34.31 and its two-hundred day simple moving average is $34.75. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. Shinhan Financial Group Co., Ltd. has a 1 year low of $28.76 and a 1 year high of $46.05. The stock has a market capitalization of $20.09 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 0.44 and a beta of 0.84.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. 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 year.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Shinhan Financial Group from a “hold” rating to a “buy” rating in a report on Monday, May 19th.

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.