Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Bought by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lifted its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 3.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,678 shares of the bank’s stock after buying an additional 870 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Shinhan Financial Group were worth $883,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SHG. Raymond James & Associates bought a new stake in Shinhan Financial Group in the 1st quarter valued at about $488,000. HighTower Advisors LLC bought a new stake in Shinhan Financial Group in the 1st quarter valued at about $202,000. Citigroup Inc. lifted its position in Shinhan Financial Group by 522.0% in the 1st quarter. Citigroup Inc. now owns 85,333 shares of the bank’s stock valued at $2,854,000 after purchasing an additional 71,614 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Shinhan Financial Group by 3.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,791 shares of the bank’s stock valued at $395,000 after purchasing an additional 349 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Shinhan Financial Group by 1.8% in the 1st quarter. BlackRock Inc. now owns 1,825,885 shares of the bank’s stock valued at $61,038,000 after purchasing an additional 32,458 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Shinhan Financial Group Stock Down 2.3 %

SHG stock opened at $35.39 on Thursday. The firm’s 50-day moving average is $32.99 and its two-hundred day moving average is $29.55. The company has a market capitalization of $18.14 billion, a price-to-earnings ratio of 6.06, a price-to-earnings-growth ratio of 0.68 and a beta of 0.90. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.45. Shinhan Financial Group Co., Ltd. has a 52 week low of $24.99 and a 52 week high of $38.65.

Shinhan Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Friday, January 1st were given a dividend of $0.3953 per share. This represents a $1.58 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Thursday, February 22nd. Shinhan Financial Group’s payout ratio is presently 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, 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.