Lindbrook Capital LLC Buys 767 Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG)

Lindbrook Capital LLC raised its stake in Shinhan Financial Group Co., Ltd. (NYSE:SHG) by 19.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,657 shares of the bank’s stock after purchasing an additional 767 shares during the period. Lindbrook Capital LLC’s holdings in Shinhan Financial Group were worth $143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. increased its stake in Shinhan Financial Group by 9.2% in the third quarter. American Century Companies Inc. now owns 514,638 shares of the bank’s stock valued at $13,633,000 after purchasing an additional 43,516 shares in the last quarter. Ramirez Asset Management Inc. bought a new stake in shares of Shinhan Financial Group during the third quarter worth about $4,407,000. Rhumbline Advisers increased its position in shares of Shinhan Financial Group by 2.1% during the third quarter. Rhumbline Advisers now owns 158,231 shares of the bank’s stock worth $4,192,000 after acquiring an additional 3,320 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Shinhan Financial Group by 10.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 148,748 shares of the bank’s stock worth $3,940,000 after acquiring an additional 14,474 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Shinhan Financial Group by 51.9% during the third quarter. Envestnet Asset Management Inc. now owns 131,410 shares of the bank’s stock worth $3,481,000 after acquiring an additional 44,895 shares in the last quarter. 7.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Shinhan Financial Group Stock Up 0.7 %

Shinhan Financial Group stock opened at $32.43 on Wednesday. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $24.99 and a fifty-two week high of $38.65. The stock has a market cap of $16.52 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 0.65 and a beta of 0.91. The firm’s 50-day simple moving average is $33.59 and its 200 day simple moving average is $30.28. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Friday, January 1st were issued a dividend of $0.3953 per share. This represents a $1.58 annualized dividend and a yield of 4.88%. The ex-dividend date was Thursday, February 22nd. Shinhan Financial Group’s dividend payout ratio (DPR) is presently 21.06%.

Shinhan Financial Group Company 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.