Schechter Investment Advisors LLC Purchases 870 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Schechter Investment Advisors LLC lifted its position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 3.1% during the 4th quarter, HoldingsChannel reports. The firm owned 28,678 shares of the bank’s stock after acquiring an additional 870 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Shinhan Financial Group were worth $883,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. grew its position in Shinhan Financial Group by 2,900.0% in the third quarter. Financial Management Professionals Inc. now owns 1,050 shares of the bank’s stock worth $28,000 after acquiring an additional 1,015 shares in the last quarter. Paradigm Asset Management Co. LLC purchased a new position in Shinhan Financial Group in the third quarter worth about $40,000. Janiczek Wealth Management LLC grew its position in Shinhan Financial Group by 46.7% in the third quarter. Janiczek Wealth Management LLC now owns 1,601 shares of the bank’s stock worth $42,000 after acquiring an additional 510 shares in the last quarter. Allworth Financial LP grew its position in Shinhan Financial Group by 51.6% in the third quarter. Allworth Financial LP now owns 1,628 shares of the bank’s stock worth $43,000 after acquiring an additional 554 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Shinhan Financial Group in the third quarter worth about $53,000. 7.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on SHG shares. Bank of America upgraded Shinhan Financial Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. StockNews.com raised shares of Shinhan Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th.

Shinhan Financial Group Stock Performance

Shinhan Financial Group stock opened at $35.39 on Thursday. The company has a market capitalization of $18.14 billion, a PE ratio of 6.06, a P/E/G ratio of 0.68 and a beta of 0.90. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $24.99 and a fifty-two week high of $38.65. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.01 and a current ratio of 1.02. The company has a 50 day moving average price of $32.99 and a 200-day moving average price of $29.55.

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 paid a $0.3953 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Thursday, February 22nd. Shinhan Financial Group’s dividend payout ratio (DPR) is 21.06%.

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.