Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHGFree Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,889 shares of the bank’s stock after acquiring an additional 863 shares during the period. Blue Trust Inc.’s holdings in Shinhan Financial Group were worth $366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SHG. Financial Management Professionals Inc. raised its position in shares of Shinhan Financial Group by 2,900.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,050 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,015 shares in the last quarter. Paradigm Asset Management Co. LLC acquired a new stake in shares of Shinhan Financial Group during the 3rd quarter valued at approximately $40,000. Janiczek Wealth Management LLC raised its position in shares of Shinhan Financial Group by 46.7% during the 3rd quarter. Janiczek Wealth Management LLC now owns 1,601 shares of the bank’s stock valued at $42,000 after acquiring an additional 510 shares in the last quarter. Allworth Financial LP raised its position 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 valued at $43,000 after acquiring an additional 554 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC raised its position in shares of Shinhan Financial Group by 339.4% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 2,039 shares of the bank’s stock valued at $47,000 after acquiring an additional 1,575 shares in the last quarter. 7.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SHG has been the topic of several analyst reports. Bank of America raised Shinhan Financial Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. StockNews.com raised Shinhan Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th.

View Our Latest Analysis on Shinhan Financial Group

Shinhan Financial Group Price Performance

Shares of NYSE SHG opened at $35.49 on Friday. Shinhan Financial Group Co., Ltd. has a 1-year low of $24.99 and a 1-year high of $38.65. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.02 and a quick ratio of 1.01. The business’s fifty day moving average price is $33.46 and its two-hundred day moving average price is $29.69. The firm has a market capitalization of $18.20 billion, a PE ratio of 6.08, a P/E/G ratio of 0.67 and a beta of 0.90.

Shinhan Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Friday, January 1st were given a $0.3953 dividend. This represents a $1.58 annualized dividend and a yield of 4.46%. The ex-dividend date was Thursday, February 22nd. Shinhan Financial Group’s dividend payout ratio is presently 21.06%.

Shinhan Financial Group Profile

(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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Institutional Ownership by Quarter for Shinhan Financial Group (NYSE:SHG)

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