Shinhan Financial Group (NYSE:SHG) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Shinhan Financial Group (NYSE:SHG) released its quarterly earnings data on Friday. The bank reported $2.21 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.06), Zacks reports. Shinhan Financial Group had a return on equity of 10.87% and a net margin of 19.89%.

Shinhan Financial Group Price Performance

Shares of Shinhan Financial Group stock traded down $1.16 on Friday, hitting $64.21. 172,290 shares of the company traded hands, compared to its average volume of 226,640. The firm’s 50-day simple moving average is $64.18 and its 200 day simple moving average is $59.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.54. The company has a market cap of $30.48 billion, a P/E ratio of 7.13, a P/E/G ratio of 0.51 and a beta of 0.97. Shinhan Financial Group has a 12-month low of $37.13 and a 12-month high of $73.40.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Zacks Research downgraded shares of Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings downgraded shares of Shinhan Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Shinhan Financial Group presently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On Shinhan Financial Group

A number of large investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. raised its position in Shinhan Financial Group by 71.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 481 shares of the bank’s stock worth $26,000 after purchasing an additional 200 shares during the period. Stifel Financial Corp raised its position in Shinhan Financial Group by 2.4% in the 4th quarter. Stifel Financial Corp now owns 10,603 shares of the bank’s stock worth $569,000 after purchasing an additional 248 shares during the period. United Capital Financial Advisors LLC raised its position in Shinhan Financial Group by 3.6% in the 3rd quarter. United Capital Financial Advisors LLC now owns 8,338 shares of the bank’s stock worth $420,000 after purchasing an additional 293 shares during the period. Clearbridge Investments LLC raised its position in Shinhan Financial Group by 0.4% in the 4th quarter. Clearbridge Investments LLC now owns 110,531 shares of the bank’s stock worth $5,928,000 after purchasing an additional 400 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its position in Shinhan Financial Group by 5.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,516 shares of the bank’s stock worth $457,000 after purchasing an additional 418 shares during the period. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Company Profile

Shinhan Financial Group is a South Korea–based financial holding company headquartered in Seoul. Established in 2001 as a banking and financial services group, it brings together a range of financial subsidiaries operating under the Shinhan brand, including commercial banking, card services, life insurance, securities and asset management businesses. The group serves both retail and corporate clients and is one of the leading diversified financial institutions in Korea.

The company’s principal activities span retail and corporate banking, credit card issuance and payment services, life insurance and related protection products, brokerage and investment banking, and asset and wealth management.