Shinhan Financial Group Co Ltd $SHG Position Lessened by Groupama Asset Managment

Groupama Asset Managment trimmed its position in shares of Shinhan Financial Group Co Ltd (NYSE:SHG) by 10.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,195 shares of the bank’s stock after selling 2,007 shares during the period. Groupama Asset Managment’s holdings in Shinhan Financial Group were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in Shinhan Financial Group during the first quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new position in Shinhan Financial Group during the first quarter worth $28,000. Tower Research Capital LLC TRC increased its position in Shinhan Financial Group by 1,884.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank’s stock worth $95,000 after buying an additional 2,751 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in Shinhan Financial Group during the fourth quarter worth $125,000. Finally, Bessemer Group Inc. increased its position in Shinhan Financial Group by 14.7% during the first quarter. Bessemer Group Inc. now owns 4,077 shares of the bank’s stock worth $131,000 after buying an additional 522 shares during the last quarter. 7.76% of the stock is owned by institutional investors and hedge funds.

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 research report on Saturday, August 2nd.

Shinhan Financial Group Trading Down 0.2%

Shares of NYSE:SHG opened at $48.1260 on Thursday. The company has a market cap of $23.36 billion, a P/E ratio of 4.82, a P/E/G ratio of 0.52 and a beta of 0.93. The stock’s 50-day moving average is $47.70 and its 200-day moving average is $39.35. Shinhan Financial Group Co Ltd has a 52-week low of $28.76 and a 52-week high of $52.00. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.04 and a current ratio of 1.03.

Shinhan Financial Group Company 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.