Thomas White International Ltd. raised its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 32.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,758 shares of the bank’s stock after buying an additional 21,310 shares during the quarter. Thomas White International Ltd.’s holdings in Shinhan Financial Group were worth $3,223,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. raised its position in shares of Shinhan Financial Group by 36.4% in the 3rd quarter. BlackRock Inc. now owns 462,232 shares of the bank’s stock worth $18,549,000 after acquiring an additional 123,425 shares in the last quarter. Virtu Financial LLC purchased a new position in Shinhan Financial Group during the 4th quarter worth $216,000. FNY Investment Advisers LLC grew its stake in Shinhan Financial Group by 12,262.9% during the 4th quarter. FNY Investment Advisers LLC now owns 11,992 shares of the bank’s stock worth $425,000 after buying an additional 11,895 shares during the last quarter. Quantamental Technologies LLC purchased a new position in Shinhan Financial Group during the 4th quarter worth $75,000. Finally, Oppenheimer Asset Management Inc. grew its stake in Shinhan Financial Group by 6.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 17,926 shares of the bank’s stock worth $636,000 after buying an additional 1,112 shares during the last quarter. 2.44% of the stock is owned by institutional investors and hedge funds.

SHG stock traded up $0.13 on Tuesday, hitting $38.05. 806 shares of the company’s stock were exchanged, compared to its average volume of 92,905. Shinhan Financial Group Co., Ltd. has a 12-month low of $34.02 and a 12-month high of $44.90. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $17.80 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 0.80 and a beta of 0.86.

Separately, Zacks Investment Research downgraded Shinhan Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, April 12th.

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About Shinhan Financial Group

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through five segments: Banking, Credit Cards, Securities, Life Insurance, and Others. It offers retail banking services, including mortgage and home equity, and retail lending; demand, savings, and fixed deposit-taking; checking accounts; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.

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Institutional Ownership by Quarter for Shinhan Financial Group (NYSE:SHG)

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