LGT Group Foundation Sells 950 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

LGT Group Foundation cut its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 2.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 33,169 shares of the bank’s stock after selling 950 shares during the period. LGT Group Foundation’s holdings in Shinhan Financial Group were worth $1,032,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHG. GAMMA Investing LLC bought a new stake in shares of Shinhan Financial Group during the fourth quarter valued at about $29,000. Paradigm Asset Management Co. LLC purchased a new position in shares of Shinhan Financial Group during the third quarter worth about $40,000. Allworth Financial LP grew its holdings in shares of Shinhan Financial Group by 51.6% during the third quarter. Allworth Financial LP now owns 1,628 shares of the bank’s stock worth $43,000 after purchasing an additional 554 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Shinhan Financial Group by 27.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,612 shares of the bank’s stock worth $50,000 after purchasing an additional 349 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Shinhan Financial Group during the third quarter worth about $53,000. 7.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Shinhan Financial Group Stock Up 2.5 %

Shares of NYSE SHG opened at $34.47 on Friday. The firm has a market capitalization of $17.56 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 0.59 and a beta of 0.92. The business has a 50-day moving average of $33.66 and a 200-day moving average of $30.56. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.45. Shinhan Financial Group Co., Ltd. has a 12 month low of $24.99 and a 12 month high of $38.65.

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

Shinhan Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Friday, January 1st were paid a dividend of $0.3953 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend was Thursday, February 22nd. Shinhan Financial Group’s dividend payout ratio (DPR) is presently 19.90%.

Shinhan Financial Group 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.