Shinhan Financial Group (NYSE:SHG) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Shinhan Financial Group (NYSE:SHG) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Separately, Bank of America raised shares of Shinhan Financial Group from a neutral rating to a buy rating in a research report on Tuesday, January 16th.

Shinhan Financial Group Stock Down 0.5 %

NYSE:SHG opened at $29.34 on Wednesday. The company has a market cap of $14.95 billion, a PE ratio of 5.02, a P/E/G ratio of 0.60 and a beta of 0.91. Shinhan Financial Group has a twelve month low of $24.99 and a twelve month high of $38.65. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.45. The company’s 50 day moving average is $33.73 and its two-hundred day moving average is $30.10.

Shinhan Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Friday, January 1st were paid a dividend of $0.3953 per share. This represents a $1.58 annualized dividend and a yield of 5.39%. The ex-dividend date was Thursday, February 22nd. Shinhan Financial Group’s payout ratio is 21.06%.

Institutional Trading of Shinhan Financial Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Janiczek Wealth Management LLC lifted its stake in Shinhan Financial Group by 25.2% during the 1st quarter. Janiczek Wealth Management LLC now owns 2,886 shares of the bank’s stock valued at $103,000 after acquiring an additional 581 shares during the period. DGS Capital Management LLC lifted its stake in Shinhan Financial Group by 8.7% during the 1st quarter. DGS Capital Management LLC now owns 22,459 shares of the bank’s stock valued at $797,000 after acquiring an additional 1,798 shares during the period. Atlas Capital Advisors LLC lifted its stake in Shinhan Financial Group by 104.2% during the 1st quarter. Atlas Capital Advisors LLC now owns 7,258 shares of the bank’s stock valued at $258,000 after acquiring an additional 3,703 shares during the period. Ballentine Partners LLC lifted its stake in Shinhan Financial Group by 22.3% during the 1st quarter. Ballentine Partners LLC now owns 29,153 shares of the bank’s stock valued at $1,035,000 after acquiring an additional 5,317 shares during the period. Finally, First Affirmative Financial Network acquired a new stake in Shinhan Financial Group during the 1st quarter valued at approximately $203,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.

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.