Shinhan Financial Group (NYSE:SHG) Stock Price Up 5.5%

Shinhan Financial Group Co., Ltd. (NYSE:SHG) shares traded up 5.5% during mid-day trading on Monday . The stock traded as high as $32.23 and last traded at $32.17. 41,690 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 143,738 shares. The stock had previously closed at $30.49.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. 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. StockNews.com cut shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th.

Shinhan Financial Group Stock Performance

The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 0.65 and a beta of 0.91. The stock’s 50 day moving average is $33.59 and its 200 day moving average is $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 paid a $0.3953 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.58 dividend on an annualized basis and a yield of 4.88%. Shinhan Financial Group’s payout ratio is 21.06%.

Institutional Investors Weigh In On Shinhan Financial Group

A number of large investors have recently added to or reduced their stakes in SHG. CWM LLC grew its stake in Shinhan Financial Group by 16.1% in the 3rd quarter. CWM LLC now owns 3,387 shares of the bank’s stock valued at $90,000 after acquiring an additional 470 shares during the last quarter. Caprock Group LLC lifted its holdings in Shinhan Financial Group by 22.9% in the 3rd quarter. Caprock Group LLC now owns 17,342 shares of the bank’s stock valued at $459,000 after purchasing an additional 3,231 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Shinhan Financial Group by 23.3% in the 3rd quarter. Ballentine Partners LLC now owns 19,253 shares of the bank’s stock valued at $510,000 after purchasing an additional 3,642 shares in the last quarter. PDS Planning Inc lifted its holdings in Shinhan Financial Group by 5.0% in the 3rd quarter. PDS Planning Inc now owns 13,416 shares of the bank’s stock valued at $355,000 after purchasing an additional 642 shares in the last quarter. Finally, Advisor Partners II LLC lifted its holdings in Shinhan Financial Group by 21.0% in the 3rd quarter. Advisor Partners II LLC now owns 38,557 shares of the bank’s stock valued at $1,021,000 after purchasing an additional 6,704 shares in the last quarter. 7.76% of the stock is owned by institutional investors and hedge funds.

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.