GAMMA Investing LLC Invests $29,000 in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

GAMMA Investing LLC acquired a new position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 938 shares of the bank’s stock, valued at approximately $29,000.

Several other institutional investors also recently modified their holdings of the company. Ramirez Asset Management Inc. acquired a new stake in Shinhan Financial Group in the 3rd quarter valued at $4,407,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Shinhan Financial Group by 147.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 95,773 shares of the bank’s stock valued at $2,537,000 after buying an additional 57,110 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Shinhan Financial Group by 51.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 131,410 shares of the bank’s stock valued at $3,481,000 after buying an additional 44,895 shares in the last quarter. American Century Companies Inc. boosted its stake in Shinhan Financial Group by 9.2% in the 3rd quarter. American Century Companies Inc. now owns 514,638 shares of the bank’s stock valued at $13,633,000 after buying an additional 43,516 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its stake in Shinhan Financial Group by 143.4% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 39,567 shares of the bank’s stock valued at $1,048,000 after buying an additional 23,314 shares in the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Wall Street Analysts Forecast Growth

SHG has been the topic of several recent analyst reports. StockNews.com lowered Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Bank of America upgraded Shinhan Financial Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th.

Shinhan Financial Group Trading Up 1.0 %

Shares of SHG opened at $34.86 on Tuesday. The stock has a fifty day moving average price of $33.77 and a two-hundred day moving average price of $30.74. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.02 and a current ratio of 1.02. Shinhan Financial Group Co., Ltd. has a 52-week low of $24.99 and a 52-week high of $38.65. The company has a market cap of $17.76 billion, a price-to-earnings ratio of 5.64, a PEG ratio of 0.60 and a beta of 0.92.

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 firm had revenue of $3.14 billion during the quarter. Analysts predict that Shinhan Financial Group Co., Ltd. will post 6.12 EPS for the current fiscal year.

Shinhan Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Friday, January 1st were given 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 4.54%. Shinhan Financial Group’s payout ratio is currently 19.90%.

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.