Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) have been given an average 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 rating.
Brokerages have set a twelve-month consensus target price of $52.00 for the company, according to Zacks. Zacks has also given Shinhan Financial Group an industry rank of 205 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd.
Several hedge funds have recently bought and sold shares of SHG. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Shinhan Financial Group during the 3rd quarter valued at approximately $9,697,000. BlackRock Inc. lifted its position in shares of Shinhan Financial Group by 45.4% during the 4th quarter. BlackRock Inc. now owns 433,581 shares of the bank’s stock valued at $20,118,000 after acquiring an additional 135,386 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of Shinhan Financial Group during the 3rd quarter valued at approximately $3,157,000. Thomas White International Ltd. acquired a new stake in shares of Shinhan Financial Group during the 4th quarter valued at approximately $3,133,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Shinhan Financial Group by 27.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 207,681 shares of the bank’s stock valued at $9,636,000 after acquiring an additional 45,117 shares during the period. Institutional investors own 2.33% of the company’s stock.
Shares of Shinhan Financial Group (NYSE:SHG) opened at $44.21 on Friday. Shinhan Financial Group has a twelve month low of $40.02 and a twelve month high of $50.37. The firm has a market capitalization of $21,324.73, a P/E ratio of 3.79, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.
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About Shinhan Financial Group
Shinhan Financial Group Co, Ltd. (SFG) is a financial holding company. The Company operates through five segments: commercial banking services, which are provided by Shinhan Bank Co, Ltd. (Shinhan Bank); credit card services, which are provided by Shinhan Card Co, Ltd. (Shinhan Card); securities brokerage services, which are provided by Shinhan Investment Corp.
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