Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Get Free Report) saw an uptick in trading volume on Wednesday . 207,506 shares changed hands during mid-day trading, an increase of 46% from the previous session's volume of 142,386 shares.The stock last traded at $31.93 and had previously closed at $32.80.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on SHG. StockNews.com raised shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a report on Wednesday, February 28th. Bank of America raised shares of Shinhan Financial Group from a "neutral" rating to a "buy" rating in a report on Tuesday, January 16th.
Check Out Our Latest Stock Analysis on SHG
Shinhan Financial Group Price Performance
The firm's fifty day moving average price is $33.97 and its 200 day moving average price is $29.98. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.45. The stock has a market cap of $16.30 billion, a PE ratio of 5.44, a P/E/G ratio of 0.62 and a beta of 0.91.
Shinhan Financial Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Friday, January 1st were issued a $0.3953 dividend. This represents a $1.58 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend was Thursday, February 22nd. Shinhan Financial Group's dividend payout ratio (DPR) is presently 21.06%.
Institutional Investors Weigh In On Shinhan Financial Group
A number of hedge funds have recently bought and sold shares of SHG. Raymond James & Associates purchased a new stake in Shinhan Financial Group during the first quarter valued at $488,000. HighTower Advisors LLC purchased a new stake in Shinhan Financial Group during the first quarter valued at $202,000. Citigroup Inc. raised its stake in Shinhan Financial Group by 522.0% during the first quarter. Citigroup Inc. now owns 85,333 shares of the bank's stock valued at $2,854,000 after purchasing an additional 71,614 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Shinhan Financial Group by 3.1% during the first quarter. PNC Financial Services Group Inc. now owns 11,791 shares of the bank's stock valued at $395,000 after purchasing an additional 349 shares in the last quarter. Finally, BlackRock Inc. increased its position in Shinhan Financial Group by 1.8% during the first quarter. BlackRock Inc. now owns 1,825,885 shares of the bank's stock valued at $61,038,000 after acquiring an additional 32,458 shares during the last quarter. Hedge funds and other institutional investors 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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