Shinhan Financial Group Co., Ltd. (NYSE:SHG - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 699,300 shares, a growth of 59.7% from the March 31st total of 437,800 shares. Based on an average daily trading volume, of 147,200 shares, the short-interest ratio is presently 4.8 days. Currently, 0.1% of the shares of the company are sold short.
Shinhan Financial Group Stock Performance
NYSE:SHG traded up $2.31 during mid-day trading on Friday, reaching $34.16. The stock had a trading volume of 139,217 shares, compared to its average volume of 157,229. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $17.40 billion, a price-to-earnings ratio of 5.53, a PEG ratio of 0.64 and a beta of 0.91. Shinhan Financial Group has a twelve month low of $24.99 and a twelve month high of $38.65. The business has a 50 day simple moving average of $33.56 and a 200 day simple moving average of $30.38.
Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.75 EPS for the quarter. The firm had revenue of $3.14 billion during the quarter. Shinhan Financial Group had a net margin of 12.68% and a return on equity of 7.57%. On average, analysts expect that Shinhan Financial Group will post 6 earnings per share for the current fiscal year.
Shinhan Financial Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Friday, January 1st were given a dividend of $0.3953 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.63%. Shinhan Financial Group's payout ratio is 19.90%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. Bank of America upgraded shares of Shinhan Financial Group from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 16th. StockNews.com downgraded shares of Shinhan Financial Group from a "buy" rating to a "hold" rating in a research note on Wednesday, April 17th.
View Our Latest Stock Analysis on Shinhan Financial Group
Institutional Investors Weigh In On Shinhan Financial Group
A number of hedge funds and other institutional investors have recently modified their holdings of SHG. GAMMA Investing LLC purchased a new position in shares of Shinhan Financial Group during the 4th quarter worth approximately $29,000. Paradigm Asset Management Co. LLC purchased a new position in shares of Shinhan Financial Group during the 3rd quarter worth approximately $40,000. Allworth Financial LP increased its stake in shares of Shinhan Financial Group by 51.6% during the 3rd quarter. Allworth Financial LP now owns 1,628 shares of the bank's stock worth $43,000 after purchasing an additional 554 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Shinhan Financial Group by 27.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,612 shares of the bank's stock worth $50,000 after purchasing an additional 349 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Shinhan Financial Group during the 3rd quarter worth approximately $53,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.
About Shinhan Financial Group
(
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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.
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