Shinhan Financial Group Co., Ltd. (NYSE:SHG - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $35.49, but opened at $34.08. Shinhan Financial Group shares last traded at $34.00, with a volume of 28,033 shares changing hands.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. Bank of America raised Shinhan Financial Group from a "neutral" rating to a "buy" rating in a report on Tuesday, January 16th. StockNews.com raised Shinhan Financial Group from a "hold" rating to a "buy" rating in a report on Wednesday, February 28th.
Read Our Latest Stock Report on SHG
Shinhan Financial Group Price Performance
The company has a market cap of $17.24 billion, a price-to-earnings ratio of 5.76, a price-to-earnings-growth ratio of 0.67 and a beta of 0.91. The company has a fifty day moving average price of $33.46 and a two-hundred day moving average price of $29.72. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.45.
Shinhan Financial Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Friday, January 1st were issued a dividend of $0.3953 per share. This represents a $1.58 annualized dividend and a dividend yield of 4.70%. The ex-dividend date was Thursday, February 22nd. Shinhan Financial Group's payout ratio is presently 21.06%.
Institutional Trading of Shinhan Financial Group
Several institutional investors have recently modified their holdings of SHG. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Shinhan Financial Group by 147.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 95,773 shares of the bank's stock valued at $2,537,000 after buying an additional 57,110 shares in the last quarter. M&T Bank Corp acquired a new stake in Shinhan Financial Group in the 3rd quarter valued at $202,000. American Century Companies Inc. boosted its stake in Shinhan Financial Group by 9.2% in the 3rd quarter. American Century Companies Inc. now owns 514,638 shares of the bank's stock valued at $13,633,000 after buying an additional 43,516 shares in the last quarter. Ritholtz Wealth Management boosted its stake in Shinhan Financial Group by 28.8% in the 4th quarter. Ritholtz Wealth Management now owns 62,773 shares of the bank's stock valued at $1,932,000 after buying an additional 14,025 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Shinhan Financial Group by 6.7% in the 3rd quarter. Acadian Asset Management LLC now owns 90,661 shares of the bank's stock valued at $2,401,000 after buying an additional 5,676 shares in the last quarter. Institutional investors and hedge funds own 7.76% of the company's stock.
Shinhan Financial Group Company Profile
(
Get Free Report)
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, Life 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.
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