OVERSEA CHINESE BANKING Corp Ltd Purchases 1,214 Shares of Shinhan Financial Group Co Ltd (NYSE:SHG)

OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,576 shares of the bank’s stock after acquiring an additional 1,214 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Shinhan Financial Group were worth $1,232,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SHG. Raymond James Financial Inc. bought a new position in Shinhan Financial Group in the fourth quarter valued at approximately $574,000. LPL Financial LLC boosted its position in shares of Shinhan Financial Group by 24.6% in the 4th quarter. LPL Financial LLC now owns 9,750 shares of the bank’s stock worth $321,000 after purchasing an additional 1,923 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Shinhan Financial Group by 1,834.3% during the fourth quarter. JPMorgan Chase & Co. now owns 85,999 shares of the bank’s stock worth $2,828,000 after purchasing an additional 81,553 shares during the period. Schroder Investment Management Group increased its holdings in Shinhan Financial Group by 12.3% in the fourth quarter. Schroder Investment Management Group now owns 18,492 shares of the bank’s stock valued at $608,000 after purchasing an additional 2,026 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Shinhan Financial Group by 1.2% in the fourth quarter. Wellington Management Group LLP now owns 266,596 shares of the bank’s stock valued at $8,766,000 after buying an additional 3,144 shares during the period. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Down 3.1%

Shares of NYSE SHG opened at $47.17 on Friday. The firm has a 50 day moving average price of $45.78 and a 200 day moving average price of $38.09. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $22.90 billion, a P/E ratio of 6.14, a P/E/G ratio of 0.51 and a beta of 0.93. Shinhan Financial Group Co Ltd has a 52-week low of $28.76 and a 52-week high of $52.00.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Shinhan Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday.

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.