Greenleaf Trust Sells 12,575 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Greenleaf Trust decreased its position 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 & Exchange Commission. The firm 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.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Shinhan Financial Group by 9.2% in the third quarter. American Century Companies Inc. now owns 514,638 shares of the bank’s stock worth $13,633,000 after acquiring an additional 43,516 shares during the last quarter. Ramirez Asset Management Inc. bought a new position in shares of Shinhan Financial Group in the third quarter worth about $4,407,000. Rhumbline Advisers lifted its holdings in shares of Shinhan Financial Group by 2.1% in the third quarter. Rhumbline Advisers now owns 158,231 shares of the bank’s stock worth $4,192,000 after acquiring an additional 3,320 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Shinhan Financial Group by 10.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 148,748 shares of the bank’s stock worth $3,940,000 after acquiring an additional 14,474 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Shinhan Financial Group by 51.9% in the third quarter. Envestnet Asset Management Inc. now owns 131,410 shares of the bank’s stock worth $3,481,000 after acquiring an additional 44,895 shares during the last quarter. Institutional investors own 7.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. StockNews.com cut shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a report 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 Stock Performance

Shinhan Financial Group stock opened at $32.43 on Wednesday. The business has a 50 day moving average of $33.59 and a 200-day moving average of $30.28. Shinhan Financial Group Co., Ltd. has a 1 year low of $24.99 and a 1 year high of $38.65. 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 company has a market capitalization of $16.52 billion, a P/E ratio of 5.55, a P/E/G ratio of 0.65 and a beta of 0.91.

Shinhan Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Friday, January 1st were paid a $0.3953 dividend. This represents a $1.58 annualized dividend and a dividend yield of 4.88%. The ex-dividend date was Thursday, February 22nd. Shinhan Financial Group’s dividend payout ratio is currently 21.06%.

Shinhan Financial Group Company 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.