Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 20.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,706 shares of the bank’s stock after purchasing an additional 4,253 shares during the quarter. Cerity Partners LLC’s holdings in Shinhan Financial Group were worth $760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Paradigm Asset Management Co. LLC acquired a new position in Shinhan Financial Group in the 3rd quarter valued at about $40,000. Allworth Financial LP lifted its holdings in Shinhan Financial Group by 51.6% in the third quarter. Allworth Financial LP now owns 1,628 shares of the bank’s stock valued at $43,000 after acquiring an additional 554 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Shinhan Financial Group by 27.6% in 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. Quantbot Technologies LP acquired a new stake in Shinhan Financial Group during the third quarter worth $53,000. Finally, CWM LLC raised its position in Shinhan Financial Group by 16.1% in 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. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SHG shares. StockNews.com cut Shinhan Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. Bank of America raised shares of Shinhan Financial Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th.

Shinhan Financial Group Trading Up 0.7 %

SHG opened at $32.43 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 0.62 and a beta of 0.91. The business has a fifty day moving average price of $33.59 and a 200 day moving average price of $30.28. Shinhan Financial Group Co., Ltd. has a 12 month low of $24.99 and a 12 month high of $38.65.

Shinhan Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Friday, January 1st were given a dividend of $0.3953 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.58 annualized dividend and a dividend yield of 4.88%. Shinhan Financial Group’s dividend payout ratio is currently 20.89%.

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.