Cerity Partners LLC Grows Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Cerity Partners LLC increased its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 20.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,706 shares of the bank’s stock after acquiring an additional 4,253 shares during the quarter. Cerity Partners LLC’s holdings in Shinhan Financial Group were worth $760,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Aaron Wealth Advisors LLC bought a new stake in shares of Shinhan Financial Group during the 4th quarter valued at about $210,000. Allspring Global Investments Holdings LLC grew its position 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 last quarter. BSW Wealth Partners increased its holdings in shares of Shinhan Financial Group by 33.4% in the 4th quarter. BSW Wealth Partners now owns 10,562 shares of the bank’s stock worth $325,000 after acquiring an additional 2,645 shares during the period. Augustine Asset Management Inc. bought a new stake in Shinhan Financial Group in the 4th quarter valued at about $214,000. Finally, Ballentine Partners LLC boosted its stake in Shinhan Financial Group by 23.8% during the 4th quarter. Ballentine Partners LLC now owns 23,836 shares of the bank’s stock valued at $734,000 after purchasing an additional 4,583 shares during the period. 7.76% of the stock is owned by institutional investors and hedge funds.

Shinhan Financial Group Stock Performance

SHG stock opened at $32.43 on Wednesday. The company has a market capitalization of $16.52 billion, a P/E ratio of 5.55, a PEG ratio of 0.62 and a beta of 0.91. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.45. The company has a 50-day simple moving average of $33.59 and a 200 day simple moving average of $30.28. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $24.99 and a fifty-two week high of $38.65.

Shinhan Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Friday, January 1st were paid a dividend of $0.3953 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.88%. Shinhan Financial Group’s dividend payout ratio is presently 20.89%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Bank of America raised Shinhan Financial Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th.

Shinhan Financial Group 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.