Greenleaf Trust Cuts Stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Greenleaf Trust lowered its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 46.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,474 shares of the bank’s stock after selling 12,575 shares during the quarter. Greenleaf Trust’s holdings in Shinhan Financial Group were worth $446,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. American Century Companies Inc. grew its position in shares of Shinhan Financial Group by 9.2% during the third quarter. American Century Companies Inc. now owns 514,638 shares of the bank’s stock worth $13,633,000 after purchasing an additional 43,516 shares in the last quarter. Ramirez Asset Management Inc. purchased a new stake in shares of Shinhan Financial Group during the third quarter worth about $4,407,000. Rhumbline Advisers boosted its stake in Shinhan Financial Group by 2.1% during the third quarter. Rhumbline Advisers now owns 158,231 shares of the bank’s stock valued at $4,192,000 after buying an additional 3,320 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Shinhan Financial Group by 10.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 148,748 shares of the bank’s stock valued at $3,940,000 after buying an additional 14,474 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Shinhan Financial Group by 51.9% during the third quarter. Envestnet Asset Management Inc. now owns 131,410 shares of the bank’s stock valued at $3,481,000 after buying an additional 44,895 shares during the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

Shares of Shinhan Financial Group stock opened at $32.43 on Wednesday. The firm has a market cap of $16.52 billion, a PE ratio of 5.55, a PEG ratio of 0.65 and a beta of 0.91. Shinhan Financial Group Co., Ltd. has a 12 month low of $24.99 and a 12 month high of $38.65. The stock has a 50 day moving average of $33.59 and a 200 day moving average of $30.28. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.45.

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 issued a dividend of $0.3953 per share. This represents a $1.58 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend was Thursday, February 22nd. Shinhan Financial Group’s payout ratio is currently 21.06%.

Wall Street Analyst Weigh In

SHG has been the subject of a number of research reports. StockNews.com lowered Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Bank of America raised Shinhan Financial Group from a “neutral” rating to a “buy” rating in a research note 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, 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.