Sequoia Financial Advisors LLC Reduces Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Sequoia Financial Advisors LLC lowered its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 2.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,845 shares of the bank’s stock after selling 614 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Shinhan Financial Group were worth $642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Shinhan Financial Group by 27.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,612 shares of the bank’s stock worth $50,000 after purchasing an additional 349 shares in the last quarter. BSW Wealth Partners grew its stake in Shinhan Financial Group by 33.4% in the 4th quarter. BSW Wealth Partners now owns 10,562 shares of the bank’s stock valued at $325,000 after buying an additional 2,645 shares in the last quarter. Augustine Asset Management Inc. bought a new stake in Shinhan Financial Group during the 4th quarter valued at $214,000. Ballentine Partners LLC lifted its position in shares of Shinhan Financial Group by 23.8% during the fourth quarter. Ballentine Partners LLC now owns 23,836 shares of the bank’s stock worth $734,000 after acquiring an additional 4,583 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Shinhan Financial Group by 7.8% in the fourth quarter. Blue Trust Inc. now owns 11,889 shares of the bank’s stock worth $366,000 after acquiring an additional 863 shares during the period. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Stock Performance

NYSE SHG opened at $29.98 on Tuesday. The company’s 50 day simple moving average is $33.83 and its two-hundred day simple moving average is $30.08. 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 1 year low of $24.99 and a 1 year high of $38.65. The stock has a market capitalization of $15.27 billion, a PE ratio of 5.13, a P/E/G ratio of 0.61 and a beta of 0.91.

Shinhan Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Friday, January 1st were given 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 dividend yield of 5.27%. Shinhan Financial Group’s dividend payout ratio (DPR) is presently 21.06%.

Analyst Upgrades and Downgrades

SHG has been the topic of a number of analyst reports. StockNews.com upgraded Shinhan Financial Group from a “hold” rating to a “buy” rating in a research note 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.

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, 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.