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 Video: What is a Stock Split?
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| Shinhan Financial Group is a financial holding company. Through its subsidiaries, Co. provides financial services. Co.'s segments are: commercial banking services, which includes retail banking, corporate banking, international banking, and other banking; credit card services, which consists of the credit card business of its subsidiary, Shinhan Card Co., Ltd., including its installment finance business; securities brokerage services, which reflects securities brokerage and dealing services on behalf of customers; life insurance services, which consists of life insurance services; and others, which reflects all of its other activities as the holding company, and its other subsidiaries. According to our SHG split history records, Shinhan Financial Group has had 1 split. | |
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Shinhan Financial Group (SHG) has 1 split in our SHG split history database. The split for SHG took place on October 15, 2012. This was a 2 for 1 split, meaning for each share of SHG owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Shinhan Financial Group splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the SHG split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Shinhan Financial Group shares, starting with a $10,000 purchase of SHG, presented on a split-history-adjusted basis factoring in the complete SHG split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/05/2013 |
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| End date: |
06/02/2023 |
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| Start price/share: |
$34.40 |
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| End price/share: |
$27.32 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-20.58% |
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| Average Annual Total Return: |
-2.28% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$7,940.76 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 10/15/2012 | 2 for 1 |
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