Cubist Systematic Strategies LLC Acquires New Stake in Shinhan Financial Group Co Ltd (SHG)

Cubist Systematic Strategies LLC acquired a new stake in Shinhan Financial Group Co Ltd (NYSE:SHG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,136 shares of the bank’s stock, valued at approximately $354,000.

Other large investors have also modified their holdings of the company. Airain ltd lifted its stake in Shinhan Financial Group Co by 8.8% in the second quarter. Airain ltd now owns 5,831 shares of the bank’s stock valued at $254,000 after buying an additional 474 shares in the last quarter. US Bancorp DE lifted its stake in Shinhan Financial Group Co by 12.5% in the second quarter. US Bancorp DE now owns 4,408 shares of the bank’s stock valued at $191,000 after buying an additional 489 shares in the last quarter. State Street Corp lifted its stake in Shinhan Financial Group Co by 2.0% in the second quarter. State Street Corp now owns 38,645 shares of the bank’s stock valued at $1,680,000 after buying an additional 745 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Shinhan Financial Group Co by 4.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 19,531 shares of the bank’s stock valued at $849,000 after buying an additional 915 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in Shinhan Financial Group Co by 48.3% in the second quarter. BNP Paribas Arbitrage SA now owns 3,493 shares of the bank’s stock valued at $152,000 after buying an additional 1,137 shares in the last quarter. Institutional investors own 2.34% of the company’s stock.

Shares of Shinhan Financial Group Co Ltd (NYSE:SHG) traded down $0.44 on Friday, reaching $43.12. 80,500 shares of the company were exchanged, compared to its average volume of 80,942. The firm has a market capitalization of $20,656.11, a P/E ratio of 3.73, a price-to-earnings-growth ratio of 1.41 and a beta of 1.09. Shinhan Financial Group Co Ltd has a fifty-two week low of $36.06 and a fifty-two week high of $48.98. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.17 and a current ratio of 1.17.

A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Shinhan Financial Group Co from a “sell” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research report on Thursday, November 2nd. HSBC Holdings plc raised shares of Shinhan Financial Group Co from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd.

TRADEMARK VIOLATION WARNING: This report was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2017/11/11/cubist-systematic-strategies-llc-invests-354000-in-shinhan-financial-group-co-ltd-shg.html.

Shinhan Financial Group Co Profile

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.

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

Receive News & Ratings for Shinhan Financial Group Co Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shinhan Financial Group Co Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply