GAMMA Investing LLC Purchases Shares of 938 Shinhan Financial Group Co., Ltd. (NYSE:SHG)

GAMMA Investing LLC purchased a new stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 938 shares of the bank’s stock, valued at approximately $29,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Paradigm Asset Management Co. LLC purchased a new stake in Shinhan Financial Group in the 3rd quarter valued at about $40,000. Allworth Financial LP grew its holdings in Shinhan Financial Group by 51.6% in the 3rd quarter. Allworth Financial LP now owns 1,628 shares of the bank’s stock valued at $43,000 after buying an additional 554 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Shinhan Financial Group by 27.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,612 shares of the bank’s stock valued at $50,000 after buying an additional 349 shares during the period. Quantbot Technologies LP purchased a new stake in Shinhan Financial Group in the 3rd quarter valued at about $53,000. Finally, Janiczek Wealth Management LLC grew its holdings in Shinhan Financial Group by 44.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 2,305 shares of the bank’s stock valued at $71,000 after buying an additional 704 shares during the period. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SHG shares. Bank of America raised Shinhan Financial Group from a “neutral” rating to a “buy” rating in a research note 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

NYSE SHG opened at $34.86 on Tuesday. The firm has a market capitalization of $17.76 billion, a P/E ratio of 5.64, a P/E/G ratio of 0.60 and a beta of 0.92. 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 1.02. The business’s 50-day simple moving average is $33.77 and its 200-day simple moving average is $30.74.

Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.75 earnings per share for the quarter. The business had revenue of $3.14 billion for the quarter. Shinhan Financial Group had a return on equity of 7.47% and a net margin of 13.45%. Equities analysts predict that Shinhan Financial Group Co., Ltd. will post 6.12 EPS for the current year.

Shinhan Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Friday, January 1st were issued a $0.3953 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Thursday, February 22nd. Shinhan Financial Group’s dividend payout ratio is presently 19.90%.

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.