Signaturefd LLC Sells 384 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Signaturefd LLC decreased its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,110 shares of the bank’s stock after selling 384 shares during the quarter. Signaturefd LLC’s holdings in Shinhan Financial Group were worth $1,111,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of SHG. Paradigm Asset Management Co. LLC bought a new stake in shares of Shinhan Financial Group during the third quarter valued at approximately $40,000. Allspring Global Investments Holdings LLC lifted its holdings in 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 acquiring an additional 349 shares during the period. Allworth Financial LP raised its stake in shares of Shinhan Financial Group by 51.6% during the 3rd quarter. Allworth Financial LP now owns 1,628 shares of the bank’s stock worth $43,000 after purchasing an additional 554 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Shinhan Financial Group during the 3rd quarter worth approximately $53,000. Finally, Janiczek Wealth Management LLC lifted its stake in Shinhan Financial Group by 44.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 2,305 shares of the bank’s stock valued at $71,000 after purchasing an additional 704 shares during the last quarter. Institutional investors own 7.76% of the company’s stock.

Analyst Upgrades and Downgrades

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

Shinhan Financial Group Trading Up 5.5 %

Shinhan Financial Group stock opened at $32.16 on Tuesday. The stock has a market cap of $16.38 billion, a P/E ratio of 5.51, a PEG ratio of 0.62 and a beta of 0.91. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $24.99 and a fifty-two week high of $38.65. The firm’s fifty day moving average price is $33.59 and its 200-day moving average price is $30.24. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.02 and a current ratio of 1.02.

Shinhan Financial Group Announces Dividend

The firm 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. The ex-dividend date was Thursday, February 22nd. This represents a $1.58 annualized dividend and a dividend yield of 4.92%. Shinhan Financial Group’s payout ratio is currently 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, 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.