Natixis Advisors LLC Has $2.92 Million Position in Shinhan Financial Group Co Ltd (NYSE:SHG)

Natixis Advisors LLC trimmed its holdings in shares of Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) by 12.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,110 shares of the bank's stock after selling 13,097 shares during the period. Natixis Advisors LLC's holdings in Shinhan Financial Group were worth $2,923,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new position in Shinhan Financial Group in the 1st quarter worth about $227,000. Ramirez Asset Management Inc. boosted its holdings in shares of Shinhan Financial Group by 11.2% in the first quarter. Ramirez Asset Management Inc. now owns 215,892 shares of the bank's stock worth $6,926,000 after buying an additional 21,727 shares during the period. HB Wealth Management LLC purchased a new position in shares of Shinhan Financial Group in the first quarter worth approximately $203,000. AMG National Trust Bank raised its holdings in shares of Shinhan Financial Group by 68.9% during the first quarter. AMG National Trust Bank now owns 51,845 shares of the bank's stock valued at $1,663,000 after acquiring an additional 21,142 shares during the period. Finally, Pzena Investment Management LLC raised its holdings in shares of Shinhan Financial Group by 0.4% during the first quarter. Pzena Investment Management LLC now owns 1,078,696 shares of the bank's stock valued at $34,605,000 after acquiring an additional 4,645 shares during the period. Institutional investors and hedge funds own 7.76% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd.

Shinhan Financial Group Stock Up 0.5%

Shares of SHG traded up $0.23 during mid-day trading on Friday, reaching $50.13. The company's stock had a trading volume of 116,536 shares, compared to its average volume of 235,200. The company has a market cap of $24.34 billion, a price-to-earnings ratio of 5.02, a price-to-earnings-growth ratio of 0.54 and a beta of 0.93. The business has a fifty day moving average of $46.45 and a 200 day moving average of $38.47. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.51. Shinhan Financial Group Co Ltd has a 1 year low of $28.76 and a 1 year high of $52.00.

Shinhan Financial Group 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.