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

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

A number of other hedge funds have also recently added to or reduced their stakes in SHG. LPL Financial LLC grew its holdings in Shinhan Financial Group by 24.6% during the 4th quarter. LPL Financial LLC now owns 9,750 shares of the bank's stock worth $321,000 after acquiring an additional 1,923 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Shinhan Financial Group by 1,834.3% during the 4th quarter. JPMorgan Chase & Co. now owns 85,999 shares of the bank's stock worth $2,828,000 after acquiring an additional 81,553 shares during the last quarter. Wellington Management Group LLP grew its holdings in Shinhan Financial Group by 1.2% during the 4th quarter. Wellington Management Group LLP now owns 266,596 shares of the bank's stock worth $8,766,000 after acquiring an additional 3,144 shares during the last quarter. Franklin Resources Inc. grew its holdings in Shinhan Financial Group by 66.1% during the 4th quarter. Franklin Resources Inc. now owns 138,774 shares of the bank's stock worth $4,563,000 after acquiring an additional 55,250 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in Shinhan Financial Group during the 4th quarter worth about $941,000. Institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Trading Up 0.5%

Shinhan Financial Group stock traded up $0.23 during trading hours on Friday, reaching $50.13. 116,536 shares of the company's stock traded hands, compared to its average volume of 235,009. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.04 and a current ratio of 1.04. Shinhan Financial Group Co Ltd has a fifty-two week low of $28.76 and a fifty-two week high of $52.00. The firm has a market capitalization of $24.34 billion, a price-to-earnings ratio of 5.02, a PEG ratio of 0.54 and a beta of 0.93. The firm's 50 day moving average is $46.62 and its 200-day moving average is $38.59.

Wall Street Analyst Weigh In

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

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.