M&T Bank Corp Purchases 781 Shares of Shinhan Financial Group Co Ltd (NYSE:SHG)

M&T Bank Corp increased its position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 12.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,026 shares of the bank’s stock after buying an additional 781 shares during the period. M&T Bank Corp’s holdings in Shinhan Financial Group were worth $225,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in Shinhan Financial Group by 14.7% in the 1st quarter. Bessemer Group Inc. now owns 4,077 shares of the bank’s stock valued at $131,000 after purchasing an additional 522 shares during the period. Jane Street Group LLC bought a new stake in Shinhan Financial Group in the 4th quarter valued at $690,000. GAMMA Investing LLC boosted its holdings in Shinhan Financial Group by 2,895.7% in the 1st quarter. GAMMA Investing LLC now owns 47,093 shares of the bank’s stock valued at $1,468,000 after purchasing an additional 45,521 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Shinhan Financial Group by 19.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,976 shares of the bank’s stock valued at $320,000 after purchasing an additional 1,655 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Shinhan Financial Group by 45.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 27,201 shares of the bank’s stock valued at $873,000 after purchasing an additional 8,507 shares during the period. 7.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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.

Shinhan Financial Group Price Performance

NYSE:SHG opened at $49.25 on Friday. The company has a 50-day moving average of $43.52 and a 200-day moving average of $37.00. The company has a market capitalization of $24.42 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.62 and a beta of 0.92. Shinhan Financial Group Co Ltd has a 52 week low of $28.76 and a 52 week high of $51.48. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.04 and a current ratio of 1.04.

Shinhan Financial Group Profile

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.