Schechter Investment Advisors LLC Purchases 870 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Schechter Investment Advisors LLC raised its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,678 shares of the bank’s stock after acquiring 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 SEC filing.

A number of other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in Shinhan Financial Group by 3.1% during the first quarter. PNC Financial Services Group Inc. now owns 11,791 shares of the bank’s stock valued at $395,000 after acquiring an additional 349 shares during the last quarter. Citigroup Inc. boosted its position in Shinhan Financial Group by 5.0% during the first quarter. Citigroup Inc. now owns 9,660 shares of the bank’s stock valued at $260,000 after acquiring an additional 462 shares during the last quarter. CWM LLC raised its holdings in shares of Shinhan Financial Group by 16.1% during the third quarter. CWM LLC now owns 3,387 shares of the bank’s stock valued at $90,000 after purchasing an additional 470 shares during the period. Janiczek Wealth Management LLC raised its holdings in shares of Shinhan Financial Group by 46.7% during the third quarter. Janiczek Wealth Management LLC now owns 1,601 shares of the bank’s stock valued at $42,000 after purchasing an additional 510 shares during the period. Finally, Allworth Financial LP raised 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 valued at $43,000 after purchasing an additional 554 shares during the period. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Trading Down 2.3 %

Shares of SHG stock opened at $35.39 on Thursday. 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 debt-to-equity ratio of 1.45, a quick ratio of 1.01 and a current ratio of 1.02. The company has a 50-day simple moving average of $32.99 and a two-hundred day simple moving average of $29.55. The company has a market capitalization of $18.14 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 0.68 and a beta of 0.90.

Shinhan Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Friday, January 1st were given a $0.3953 dividend. 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 21.06%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SHG. StockNews.com upgraded shares of Shinhan Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Bank of America upgraded shares of Shinhan Financial Group from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th.

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, 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.