Signaturefd LLC Decreases Stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Signaturefd LLC trimmed its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,110 shares of the bank’s stock after selling 384 shares during the quarter. Signaturefd LLC’s holdings in Shinhan Financial Group were worth $1,111,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ramirez Asset Management Inc. purchased a new position in shares of Shinhan Financial Group during the 3rd quarter valued at approximately $4,407,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of 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 purchasing an additional 57,110 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Shinhan Financial Group by 51.9% during the third quarter. Envestnet Asset Management Inc. now owns 131,410 shares of the bank’s stock worth $3,481,000 after purchasing an additional 44,895 shares during the last quarter. American Century Companies Inc. grew its stake in Shinhan Financial Group by 9.2% in the third quarter. American Century Companies Inc. now owns 514,638 shares of the bank’s stock worth $13,633,000 after purchasing an additional 43,516 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC increased its holdings in Shinhan Financial Group by 143.4% in the third quarter. Legacy Wealth Asset Management LLC now owns 39,567 shares of the bank’s stock valued at $1,048,000 after buying an additional 23,314 shares during the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Wall Street Analyst Weigh In

SHG has been the subject of a number of research analyst reports. Bank of America upgraded Shinhan Financial Group from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. StockNews.com lowered shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th.

Shinhan Financial Group Price Performance

Shares of NYSE SHG opened at $32.16 on Tuesday. The firm’s 50-day simple moving average is $33.59 and its 200 day simple moving average is $30.24. The stock has a market cap of $16.38 billion, a P/E ratio of 5.51, a P/E/G ratio of 0.62 and a beta of 0.91. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.45. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $24.99 and a fifty-two week high of $38.65.

Shinhan Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Friday, January 1st were paid a $0.3953 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.58 annualized dividend and a dividend yield of 4.92%. Shinhan Financial Group’s dividend payout ratio is currently 21.06%.

About Shinhan Financial Group

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.