Greenleaf Trust increased its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 35.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,033 shares of the bank’s stock after buying an additional 3,955 shares during the quarter. Greenleaf Trust’s holdings in Shinhan Financial Group were worth $698,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its stake in shares of Shinhan Financial Group by 76.0% in the third quarter. BNP Paribas Arbitrage SA now owns 6,148 shares of the bank’s stock worth $272,000 after purchasing an additional 2,655 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Shinhan Financial Group in the second quarter worth approximately $298,000. Virtu KCG Holdings LLC raised its stake in shares of Shinhan Financial Group by 34.4% in the second quarter. Virtu KCG Holdings LLC now owns 6,905 shares of the bank’s stock worth $300,000 after purchasing an additional 1,766 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Shinhan Financial Group in the second quarter worth approximately $354,000. Finally, Candriam Luxembourg S.C.A. raised its stake in shares of Shinhan Financial Group by 10.0% in the third quarter. Candriam Luxembourg S.C.A. now owns 13,425 shares of the bank’s stock worth $595,000 after purchasing an additional 1,225 shares during the last quarter. 2.33% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd.
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Shinhan Financial Group 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.
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