Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Analysts have set a 12 month consensus target price of $52.00 for the company, according to Zacks. Zacks has also assigned Shinhan Financial Group an industry rank of 206 out of 255 based on the ratings given to related companies.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. ValuEngine upgraded shares of Shinhan Financial Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 22nd. Finally, Bank of America upgraded shares of Shinhan Financial Group from a “neutral” rating to a “buy” rating in a research note on Thursday, August 30th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its position in Shinhan Financial Group by 1.6% in the first quarter. Royal Bank of Canada now owns 102,268 shares of the bank’s stock worth $4,336,000 after acquiring an additional 1,623 shares in the last quarter. Signaturefd LLC raised its position in Shinhan Financial Group by 29.5% in the second quarter. Signaturefd LLC now owns 7,493 shares of the bank’s stock worth $288,000 after acquiring an additional 1,708 shares in the last quarter. US Bancorp DE raised its position in Shinhan Financial Group by 38.0% in the second quarter. US Bancorp DE now owns 7,334 shares of the bank’s stock worth $282,000 after acquiring an additional 2,020 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Shinhan Financial Group by 82.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,691 shares of the bank’s stock worth $199,000 after acquiring an additional 2,117 shares in the last quarter. Finally, Pzena Investment Management LLC raised its position in Shinhan Financial Group by 2.7% in the second quarter. Pzena Investment Management LLC now owns 83,124 shares of the bank’s stock worth $3,199,000 after acquiring an additional 2,156 shares in the last quarter. Institutional investors and hedge funds own 2.49% of the company’s stock.
Shares of NYSE SHG traded down $0.16 during midday trading on Friday, reaching $38.42. 104,624 shares of the company traded hands, compared to its average volume of 89,734. Shinhan Financial Group has a 52 week low of $36.35 and a 52 week high of $50.37. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.64. The stock has a market cap of $19.03 billion, a P/E ratio of 3.35, a P/E/G ratio of 1.62 and a beta of 1.05.
Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings data on Tuesday, August 14th. The bank reported $3.66 earnings per share for the quarter. Shinhan Financial Group had a net margin of 17.31% and a return on equity of 8.45%. The business had revenue of $2.33 billion for the quarter. On average, sell-side analysts anticipate that Shinhan Financial Group will post 5.68 earnings per share for the current fiscal year.
About Shinhan Financial Group
Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through five segments: Banking, Credit Cards, Securities, Life Insurance, and Others. It offers retail banking services, including mortgage and home equity, and retail lending; demand, savings, and fixed deposit-taking; checking accounts; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.
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