Shares of Shinhan Financial Group Co. (NYSE:SHG) gapped up prior to trading on Wednesday . The stock had previously closed at $35.01, but opened at $35.32. Shinhan Financial Group shares last traded at $35.82, with a volume of 12,640 shares changing hands.

The stock’s 50 day moving average is $36.41 and its 200-day moving average is $34.87. The stock has a market capitalization of $17.19 billion, a price-to-earnings ratio of 7.92 and a beta of 1.41.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its position in shares of Shinhan Financial Group by 24.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 54,100 shares of the company’s stock valued at $1,817,000 after buying an additional 10,700 shares during the last quarter. Ngam Advisors L.P. raised its position in shares of Shinhan Financial Group by 11.4% in the first quarter. Ngam Advisors L.P. now owns 21,452 shares of the company’s stock valued at $755,000 after buying an additional 2,200 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Shinhan Financial Group by 3.6% in the first quarter. Franklin Resources Inc. now owns 111,242 shares of the company’s stock valued at $3,916,000 after buying an additional 3,873 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Shinhan Financial Group by 18.5% in the first quarter. BlackRock Fund Advisors now owns 14,883 shares of the company’s stock valued at $524,000 after buying an additional 2,324 shares during the last quarter. Finally, State Street Corp raised its position in shares of Shinhan Financial Group by 26.4% in the first quarter. State Street Corp now owns 55,978 shares of the company’s stock valued at $1,971,000 after buying an additional 11,685 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

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Shinhan Financial Group Company Profile

Shinhan Financial Group Co, Ltd. is a financial holding company. The Company operates through eight segments: retail banking, corporate and investment banking, international banking, other banking services, credit card services, securities brokerage services, life insurance services and other. The Company’s deposit products consist of demand deposits, savings deposits, time deposits, certificates of deposit, housing subscription time deposits and housing subscription installment savings deposits.

5 Day Chart for NYSE:SHG

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