Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) have been given an average broker rating score of 4.00 (Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell rating. Shinhan Financial Group’s rating score has declined by 300% in the last three months as a result of various analysts’ ratings changes.
Brokerages have set a 12-month consensus price target of $43.00 for the company, according to Zacks. Zacks has also assigned Shinhan Financial Group an industry rank of 218 out of 256 based on the ratings given to related companies.
SHG has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, June 5th. Bank of America cut shares of NIO from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $6.20 to $3.00 in a research report on Tuesday, May 28th. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.
Hedge funds have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC increased its position in Shinhan Financial Group by 0.3% during the 1st quarter. Pzena Investment Management LLC now owns 148,485 shares of the bank’s stock worth $5,516,000 after purchasing an additional 471 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Shinhan Financial Group by 161.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,426 shares of the bank’s stock worth $90,000 after acquiring an additional 1,497 shares during the last quarter. FNY Investment Advisers LLC grew its holdings in Shinhan Financial Group by 319.6% during the 1st quarter. FNY Investment Advisers LLC now owns 50,319 shares of the bank’s stock worth $1,869,000 after acquiring an additional 38,327 shares during the last quarter. Bank of Montreal Can grew its holdings in Shinhan Financial Group by 8,254.0% during the 1st quarter. Bank of Montreal Can now owns 8,354 shares of the bank’s stock worth $311,000 after acquiring an additional 8,254 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new stake in Shinhan Financial Group during the 1st quarter worth approximately $72,000. Institutional investors and hedge funds own 2.85% of the company’s stock.
Shares of NYSE:SHG traded up $0.14 during midday trading on Friday, hitting $37.52. The stock had a trading volume of 661 shares, compared to its average volume of 60,090. The stock has a 50-day moving average price of $38.25. The company has a market capitalization of $17.33 billion, a P/E ratio of 3.13, a P/E/G ratio of 1.79 and a beta of 0.81. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. Shinhan Financial Group has a fifty-two week low of $34.02 and a fifty-two week high of $41.79.
Shinhan Financial Group (NYSE:SHG) last released its quarterly earnings data on Tuesday, May 21st. The bank reported $3.45 earnings per share (EPS) for the quarter. The business had revenue of $3.03 billion during the quarter. Shinhan Financial Group had a net margin of 18.62% and a return on equity of 12.82%. As a group, equities research analysts expect that Shinhan Financial Group will post 5.75 earnings per share for the current fiscal year.
Shinhan Financial Group Company Profile
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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