Allspring Global Investments Holdings LLC Acquires 349 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Allspring Global Investments Holdings LLC boosted its stake in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 27.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,612 shares of the bank’s stock after buying an additional 349 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Shinhan Financial Group were worth $50,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in shares of Shinhan Financial Group by 9.2% during the 3rd quarter. American Century Companies Inc. now owns 514,638 shares of the bank’s stock valued at $13,633,000 after acquiring an additional 43,516 shares during the period. Ritholtz Wealth Management increased its position in Shinhan Financial Group by 28.8% in the fourth quarter. Ritholtz Wealth Management now owns 62,773 shares of the bank’s stock worth $1,932,000 after buying an additional 14,025 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Shinhan Financial Group by 147.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 95,773 shares of the bank’s stock valued at $2,537,000 after buying an additional 57,110 shares during the period. M&T Bank Corp purchased a new position in shares of Shinhan Financial Group during the 3rd quarter valued at $202,000. Finally, Acadian Asset Management LLC increased its holdings in Shinhan Financial Group by 6.7% in the 3rd quarter. Acadian Asset Management LLC now owns 90,661 shares of the bank’s stock worth $2,401,000 after acquiring an additional 5,676 shares during the last quarter. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Up 0.2 %

Shares of NYSE SHG opened at $34.23 on Tuesday. The business has a 50-day simple moving average of $33.58 and a two-hundred day simple moving average of $30.46. Shinhan Financial Group Co., Ltd. has a 52 week low of $24.99 and a 52 week high of $38.65. The company has a market cap of $17.44 billion, a P/E ratio of 5.54, a P/E/G ratio of 0.69 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 (NYSE:SHG) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.75 EPS for the quarter. Shinhan Financial Group had a net margin of 13.45% and a return on equity of 7.47%. The company had revenue of $3.14 billion during the quarter. Research analysts anticipate that Shinhan Financial Group Co., Ltd. will post 6 earnings per share for the current fiscal year.

Shinhan Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Friday, January 1st were given a $0.3953 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.62%. Shinhan Financial Group’s dividend payout ratio (DPR) is presently 19.90%.

Wall Street Analyst Weigh In

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

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.