Trexquant Investment LP Invests $941,000 in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Trexquant Investment LP purchased a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,614 shares of the bank’s stock, valued at approximately $941,000.

Several other hedge funds have also recently modified their holdings of SHG. JPMorgan Chase & Co. raised its stake in shares of Shinhan Financial Group by 1,834.3% in 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 last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Shinhan Financial Group by 14.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,550 shares of the bank’s stock worth $18,365,000 after purchasing an additional 71,574 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Shinhan Financial Group by 66.1% in the fourth quarter. Franklin Resources Inc. now owns 138,774 shares of the bank’s stock worth $4,563,000 after acquiring an additional 55,250 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Shinhan Financial Group in the third quarter worth $2,219,000. Finally, American Century Companies Inc. grew its holdings in shares of Shinhan Financial Group by 5.7% in the fourth quarter. American Century Companies Inc. now owns 786,028 shares of the bank’s stock worth $25,845,000 after acquiring an additional 42,575 shares during the period. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

Shares of SHG opened at $30.80 on Friday. 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 one year low of $28.76 and a one year high of $46.05. The firm has a market capitalization of $15.51 billion, a P/E ratio of 4.84, a PEG ratio of 0.44 and a beta of 0.85. The business has a fifty day moving average of $32.60 and a 200 day moving average of $35.96.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The company had revenue of $2.82 billion during the quarter. As a group, sell-side analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current year.

Shinhan Financial Group Company 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.