Confluence Investment Management LLC Has $211,000 Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Confluence Investment Management LLC trimmed its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 5.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,412 shares of the bank’s stock after selling 396 shares during the quarter. Confluence Investment Management LLC’s holdings in Shinhan Financial Group were worth $211,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FSC Wealth Advisors LLC acquired a new stake in shares of Shinhan Financial Group in the third quarter valued at approximately $76,000. GAMMA Investing LLC increased its stake in Shinhan Financial Group by 45.4% in the third quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock valued at $84,000 after acquiring an additional 621 shares during the last quarter. Waldron Private Wealth LLC acquired a new stake in Shinhan Financial Group in the third quarter valued at about $126,000. Allspring Global Investments Holdings LLC raised its stake in Shinhan Financial Group by 34.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank’s stock worth $130,000 after acquiring an additional 789 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Shinhan Financial Group during the third quarter worth $202,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Shinhan Financial Group Price Performance

SHG opened at $33.28 on Friday. Shinhan Financial Group Co., Ltd. has a 52-week low of $27.09 and a 52-week high of $46.05. The stock’s 50 day moving average price is $37.33 and its 200-day moving average price is $39.29. The stock has a market capitalization of $16.75 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 0.57 and a beta of 0.95. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04.

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

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.