Shinhan Financial Group (NYSE:SHG) Trading Up 5.5%

Shinhan Financial Group Co., Ltd. (NYSE:SHG - Get Free Report)'s share price traded up 5.5% during trading on Monday . The stock traded as high as $32.23 and last traded at $32.17. 41,690 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 143,738 shares. The stock had previously closed at $30.49.

Analyst Ratings Changes

Several equities analysts have commented 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 lowered Shinhan Financial Group from a "buy" rating to a "hold" rating in a research note on Wednesday, April 17th.

Shinhan Financial Group Stock Performance

The company has a market capitalization of $16.38 billion, a P/E ratio of 5.51, a price-to-earnings-growth ratio of 0.62 and a beta of 0.91. The firm has a 50 day moving average price of $33.59 and a two-hundred day moving average price of $30.24. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.02 and a current ratio of 1.02.

Shinhan Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Friday, January 1st were given a dividend of $0.3953 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.58 dividend on an annualized basis and a yield of 4.92%. Shinhan Financial Group's dividend payout ratio (DPR) is presently 21.06%.

Institutional Investors Weigh In On Shinhan Financial Group

A number of large investors have recently bought and sold shares of the business. CWM LLC lifted its holdings in Shinhan Financial Group by 16.1% during the 3rd quarter. CWM LLC now owns 3,387 shares of the bank's stock worth $90,000 after buying an additional 470 shares in the last quarter. Caprock Group LLC lifted its holdings in Shinhan Financial Group by 22.9% during the 3rd quarter. Caprock Group LLC now owns 17,342 shares of the bank's stock worth $459,000 after buying an additional 3,231 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Shinhan Financial Group by 23.3% during the 3rd quarter. Ballentine Partners LLC now owns 19,253 shares of the bank's stock worth $510,000 after buying an additional 3,642 shares in the last quarter. PDS Planning Inc lifted its holdings in Shinhan Financial Group by 5.0% during the 3rd quarter. PDS Planning Inc now owns 13,416 shares of the bank's stock worth $355,000 after buying an additional 642 shares in the last quarter. Finally, Advisor Partners II LLC lifted its holdings in Shinhan Financial Group by 21.0% during the 3rd quarter. Advisor Partners II LLC now owns 38,557 shares of the bank's stock worth $1,021,000 after buying an additional 6,704 shares in the last quarter. 7.76% of the stock is currently owned by institutional investors.

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.