Allspring Global Investments Holdings LLC Grows Stock Position in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Allspring Global Investments Holdings LLC lifted its holdings in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 27.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,612 shares of the bank’s stock after acquiring an additional 349 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Shinhan Financial Group were worth $50,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SHG. CWM LLC grew its position in Shinhan Financial Group by 16.1% during the 3rd quarter. CWM LLC now owns 3,387 shares of the bank’s stock worth $90,000 after purchasing an additional 470 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Shinhan Financial Group by 51.6% during the third quarter. Allworth Financial LP now owns 1,628 shares of the bank’s stock valued at $43,000 after buying an additional 554 shares during the last quarter. PDS Planning Inc increased its position in shares of 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 acquiring an additional 642 shares during the period. Clearbridge Investments LLC raised its stake in Shinhan Financial Group by 1.2% in the 3rd quarter. Clearbridge Investments LLC now owns 71,363 shares of the bank’s stock worth $1,890,000 after acquiring an additional 835 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Shinhan Financial Group by 7.8% during the 4th 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. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Trading Up 0.2 %

NYSE SHG opened at $34.23 on Tuesday. Shinhan Financial Group Co., Ltd. has a 1 year low of $24.99 and a 1 year high of $38.65. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $17.44 billion, a PE ratio of 5.54, a P/E/G ratio of 0.69 and a beta of 0.91. The company has a fifty day moving average of $33.58 and a 200 day moving average of $30.46.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.75 earnings per share (EPS) for the quarter. Shinhan Financial Group had a return on equity of 7.47% and a net margin of 13.45%. The business had revenue of $3.14 billion during the quarter. Research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6 earnings per share for the current year.

Shinhan Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Friday, January 1st were given a $0.3953 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.58 annualized dividend and a yield of 4.62%. Shinhan Financial Group’s dividend payout ratio is presently 19.90%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SHG shares. StockNews.com lowered Shinhan Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. Bank of America upgraded shares of 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, 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.