Atria Investments Inc Has $258,000 Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Atria Investments Inc trimmed its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 31.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,092 shares of the bank’s stock after selling 2,782 shares during the period. Atria Investments Inc’s holdings in Shinhan Financial Group were worth $258,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pzena Investment Management LLC boosted its holdings in Shinhan Financial Group by 27.9% in the 2nd quarter. Pzena Investment Management LLC now owns 1,082,552 shares of the bank’s stock valued at $37,684,000 after purchasing an additional 236,236 shares during the period. Marshall Wace LLP bought a new stake in Shinhan Financial Group in the 2nd quarter valued at $2,332,000. Summit Global Investments lifted its holdings in shares of Shinhan Financial Group by 79.3% during the 2nd quarter. Summit Global Investments now owns 121,081 shares of the bank’s stock worth $4,215,000 after acquiring an additional 53,545 shares during the period. American Century Companies Inc. boosted its stake in Shinhan Financial Group by 7.8% in the 2nd quarter. American Century Companies Inc. now owns 646,749 shares of the bank’s stock valued at $22,513,000 after buying an additional 46,720 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Shinhan Financial Group by 16.2% during the second quarter. Acadian Asset Management LLC now owns 319,186 shares of the bank’s stock valued at $11,106,000 after acquiring an additional 44,402 shares during the period. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Up 0.2 %

Shares of NYSE:SHG opened at $39.75 on Friday. The company has a market capitalization of $20.25 billion, a PE ratio of 6.24, a P/E/G ratio of 0.64 and a beta of 0.93. Shinhan Financial Group Co., Ltd. has a 52 week low of $27.09 and a 52 week high of $46.05. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The company’s fifty day moving average is $41.02 and its 200-day moving average is $39.11.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings data on Friday, October 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.02. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The firm had revenue of $3.11 billion during the quarter. Equities research analysts predict that Shinhan Financial Group Co., Ltd. will post 6.32 earnings per share for the current fiscal year.

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.