Atomi Financial Group Inc. Decreases Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Atomi Financial Group Inc. lowered its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,031 shares of the bank’s stock after selling 2,806 shares during the period. Atomi Financial Group Inc.’s holdings in Shinhan Financial Group were worth $494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SHG. FSC Wealth Advisors LLC acquired a new stake in Shinhan Financial Group during the 3rd quarter worth $76,000. GAMMA Investing LLC boosted its position in Shinhan Financial Group by 45.4% during the third quarter. GAMMA Investing LLC now owns 1,988 shares of the bank’s stock worth $84,000 after acquiring an additional 621 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in Shinhan Financial Group during the 3rd quarter valued at about $126,000. Allspring Global Investments Holdings LLC raised its holdings in Shinhan Financial Group by 34.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,079 shares of the bank’s stock valued at $130,000 after acquiring an additional 789 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Shinhan Financial Group in the 3rd quarter worth approximately $202,000. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

SHG stock opened at $35.18 on Friday. Shinhan Financial Group Co., Ltd. has a 1 year low of $29.25 and a 1 year high of $46.05. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $17.71 billion, a PE ratio of 5.52, a price-to-earnings-growth ratio of 0.51 and a beta of 0.95. The business has a 50 day simple moving average of $35.68 and a 200-day simple moving average of $39.22.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results 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 business had revenue of $3.11 billion during the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. Equities research analysts anticipate 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.