FNY Investment Advisers LLC Boosts Stake in Shinhan Financial Group Co., Ltd. (SHG)

FNY Investment Advisers LLC grew its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 319.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,319 shares of the bank’s stock after purchasing an additional 38,327 shares during the quarter. Shinhan Financial Group makes up approximately 0.6% of FNY Investment Advisers LLC’s holdings, making the stock its 28th biggest position. FNY Investment Advisers LLC’s holdings in Shinhan Financial Group were worth $1,869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Comerica Bank increased its position in shares of Shinhan Financial Group by 1.0% during the 4th quarter. Comerica Bank now owns 28,336 shares of the bank’s stock valued at $1,074,000 after purchasing an additional 283 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Shinhan Financial Group by 0.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 60,490 shares of the bank’s stock valued at $2,147,000 after purchasing an additional 492 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Shinhan Financial Group by 6.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 17,926 shares of the bank’s stock valued at $636,000 after purchasing an additional 1,112 shares during the last quarter. Legacy Financial Advisors Inc. increased its position in shares of Shinhan Financial Group by 2,296.2% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,246 shares of the bank’s stock valued at $44,000 after purchasing an additional 1,194 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new stake in shares of Shinhan Financial Group during the 4th quarter valued at about $47,000. 2.45% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research lowered shares of Shinhan Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd.

Shinhan Financial Group stock opened at $37.82 on Friday. The company has a market capitalization of $18.25 billion, a P/E ratio of 7.10, a PEG ratio of 0.81 and a beta of 0.86. Shinhan Financial Group Co., Ltd. has a 12-month low of $34.02 and a 12-month high of $45.35. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.73.

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Shinhan Financial Group Profile

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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