Natixis Advisors LLC Trims 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) by 4.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 104,207 shares of the bank’s stock after selling 4,531 shares during the period. Natixis Advisors LLC’s holdings in Shinhan Financial Group were worth $3,426,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SHG. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Shinhan Financial Group by 14.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 558,550 shares of the bank’s stock valued at $18,365,000 after buying an additional 71,574 shares in the last quarter. HighTower Advisors LLC grew its position in Shinhan Financial Group by 37.2% in the 4th quarter. HighTower Advisors LLC now owns 8,962 shares of the bank’s stock valued at $295,000 after acquiring an additional 2,430 shares in the last quarter. Natural Investments LLC purchased a new stake in Shinhan Financial Group during the fourth quarter worth about $891,000. AMG National Trust Bank acquired a new stake in shares of Shinhan Financial Group during the fourth quarter worth about $1,009,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Shinhan Financial Group in the fourth quarter valued at approximately $574,000. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shares of SHG opened at $32.61 on Friday. The company has a market cap of $16.42 billion, a P/E ratio of 5.12, a PEG ratio of 0.44 and a beta of 0.89. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $29.25 and a fifty-two week high of $46.05. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The firm’s 50 day moving average price is $33.65 and its 200 day moving average price is $37.09.

Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The business had revenue of $2.82 billion for the quarter. On average, research analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current fiscal year.

About Shinhan Financial Group

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.