Two Sigma Investments LP Invests $300,000 in Shinhan Financial Group Co., Ltd. (SHG)

Two Sigma Investments LP purchased a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,979 shares of the bank’s stock, valued at approximately $300,000.

Several other hedge funds also recently bought and sold shares of the company. Boston Advisors LLC boosted its position in Shinhan Financial Group Co. by 0.3% in the third quarter. Boston Advisors LLC now owns 24,980 shares of the bank’s stock valued at $910,000 after buying an additional 80 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Shinhan Financial Group Co. by 10.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,429 shares of the bank’s stock valued at $469,000 after buying an additional 1,164 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in Shinhan Financial Group Co. by 7.0% in the fourth quarter. Wetherby Asset Management Inc. now owns 18,081 shares of the bank’s stock valued at $680,000 after buying an additional 1,190 shares during the last quarter. World Asset Management Inc boosted its position in Shinhan Financial Group Co. by 8.0% in the third quarter. World Asset Management Inc now owns 31,705 shares of the bank’s stock valued at $1,155,000 after buying an additional 2,357 shares during the last quarter. Finally, Comerica Bank boosted its position in Shinhan Financial Group Co. by 11.2% in the fourth quarter. Comerica Bank now owns 27,863 shares of the bank’s stock valued at $1,050,000 after buying an additional 2,797 shares during the last quarter. Institutional investors own 2.12% of the company’s stock.

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

Shinhan Financial Group Co., Ltd. (NYSE:SHG) traded up 2.47% during midday trading on Thursday, reaching $41.97. The company’s stock had a trading volume of 26,967 shares. Shinhan Financial Group Co., Ltd. has a one year low of $30.57 and a one year high of $43.98. The stock’s 50 day moving average price is $41.91 and its 200-day moving average price is $39.55. The stock has a market cap of $19.90 billion, a price-to-earnings ratio of 8.29 and a beta of 1.08.

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Separately, Zacks Investment Research raised Shinhan Financial Group Co. from a “sell” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a report on Friday, March 10th.

About Shinhan Financial Group Co.

Shinhan Financial Group Co, Ltd. (SFG) is a financial holding company. The Company operates through five segments: commercial banking services, which are provided by Shinhan Bank Co, Ltd. (Shinhan Bank); credit card services, which are provided by Shinhan Card Co, Ltd. (Shinhan Card); securities brokerage services, which are provided by Shinhan Investment Corp.

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