Ritholtz Wealth Management Grows Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Ritholtz Wealth Management lifted its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 28.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 62,773 shares of the bank’s stock after acquiring an additional 14,025 shares during the quarter. Ritholtz Wealth Management’s holdings in Shinhan Financial Group were worth $1,932,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schechter Investment Advisors LLC boosted its position in Shinhan Financial Group by 3.1% during the fourth quarter. Schechter Investment Advisors LLC now owns 28,678 shares of the bank’s stock worth $883,000 after purchasing an additional 870 shares during the period. Aprio Wealth Management LLC boosted its holdings in Shinhan Financial Group by 10.9% in the 4th quarter. Aprio Wealth Management LLC now owns 9,361 shares of the bank’s stock worth $288,000 after buying an additional 920 shares during the period. Vanguard Group Inc. boosted its holdings in Shinhan Financial Group by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 488,559 shares of the bank’s stock worth $12,942,000 after buying an additional 21,214 shares during the period. Wellington Management Group LLP grew its stake in Shinhan Financial Group by 16.1% in the 3rd quarter. Wellington Management Group LLP now owns 115,622 shares of the bank’s stock valued at $3,063,000 after buying an additional 15,993 shares in the last quarter. Finally, American Century Companies Inc. lifted 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 acquiring an additional 43,516 shares in the last quarter. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Price Performance

NYSE:SHG traded up $0.10 during trading hours on Thursday, hitting $35.49. The stock had a trading volume of 197,112 shares, compared to its average volume of 140,067. The company has a 50 day simple moving average of $33.15 and a two-hundred day simple moving average of $29.59. The firm has a market capitalization of $18.20 billion, a price-to-earnings ratio of 6.08, a P/E/G ratio of 0.68 and a beta of 0.90. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.02 and a quick ratio of 1.01. Shinhan Financial Group Co., Ltd. has a one year low of $24.99 and a one year high of $38.65.

Shinhan Financial Group Dividend Announcement

The firm also recently declared 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 of this dividend was Thursday, February 22nd. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.46%. Shinhan Financial Group’s dividend payout ratio (DPR) is presently 21.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Shinhan Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Bank of America raised Shinhan Financial Group from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th.

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, 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.