Summit Global Investments Purchases 1,327 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Summit Global Investments boosted its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 13.6% in the 4th quarter, HoldingsChannel reports. The firm owned 11,060 shares of the bank’s stock after acquiring an additional 1,327 shares during the period. Summit Global Investments’ holdings in Shinhan Financial Group were worth $340,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC bought a new position in shares of Shinhan Financial Group in the fourth quarter valued at about $29,000. Paradigm Asset Management Co. LLC bought a new position in Shinhan Financial Group in the 3rd quarter valued at about $40,000. Allworth Financial LP lifted its position in Shinhan Financial Group by 51.6% during the third quarter. Allworth Financial LP now owns 1,628 shares of the bank’s stock worth $43,000 after acquiring an additional 554 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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. Finally, Quantbot Technologies LP acquired a new position in shares of Shinhan Financial Group in the third quarter valued at approximately $53,000. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Up 2.6 %

Shares of SHG opened at $34.50 on Monday. 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 Co., Ltd. has a 12 month low of $24.99 and a 12 month high of $38.65. The firm’s 50 day moving average is $33.70 and its 200-day moving average is $30.68. The stock has a market capitalization of $17.57 billion, a PE ratio of 5.58, a P/E/G ratio of 0.60 and a beta of 0.92.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.75 EPS for the quarter. The firm had revenue of $3.14 billion for the quarter. Shinhan Financial Group had a return on equity of 7.47% and a net margin of 13.45%. Equities research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.12 EPS for the current year.

Shinhan Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Friday, January 1st were given a dividend of $0.3953 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.58 annualized dividend and a yield of 4.58%. Shinhan Financial Group’s dividend payout ratio is 19.90%.

Wall Street Analyst Weigh In

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

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.