Shinhan Financial Group (NYSE:SHG) Sees Strong Trading Volume

Shinhan Financial Group Co., Ltd. (NYSE:SHG) shares saw unusually-high trading volume on Wednesday . Approximately 207,506 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 142,386 shares.The stock last traded at $31.93 and had previously closed at $32.80.

Analyst Upgrades and Downgrades

SHG has been the topic of a number of recent research reports. StockNews.com raised Shinhan Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Bank of America raised shares of Shinhan Financial Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th.

Shinhan Financial Group Trading Down 0.1 %

The company has a market cap of $16.29 billion, a P/E ratio of 5.44, a PEG ratio of 0.60 and a beta of 0.91. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.45. The business has a 50 day moving average price of $33.96 and a 200-day moving average price of $29.99.

Shinhan Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Friday, January 1st were given a dividend of $0.3953 per share. This represents a $1.58 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend was Thursday, February 22nd. Shinhan Financial Group’s dividend payout ratio (DPR) is currently 21.06%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SHG. BlackRock Inc. grew its holdings in Shinhan Financial Group by 7.4% during the third quarter. BlackRock Inc. now owns 1,936,519 shares of the bank’s stock worth $44,541,000 after purchasing an additional 134,260 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Shinhan Financial Group by 77.9% during the 2nd quarter. Lazard Asset Management LLC now owns 1,914,904 shares of the bank’s stock worth $49,902,000 after buying an additional 838,265 shares during the period. Morgan Stanley grew its stake in Shinhan Financial Group by 8.0% in the 3rd quarter. Morgan Stanley now owns 1,792,258 shares of the bank’s stock valued at $47,477,000 after buying an additional 132,053 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Shinhan Financial Group by 1.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 723,124 shares of the bank’s stock valued at $20,197,000 after acquiring an additional 8,166 shares during the period. Finally, Bank of America Corp DE lifted its position in Shinhan Financial Group by 0.4% during the first quarter. Bank of America Corp DE now owns 561,698 shares of the bank’s stock worth $18,778,000 after acquiring an additional 2,462 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

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.