Shinhan Financial Group Co., Ltd. (NYSE:SHG) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Analysts have set a 1-year consensus target price of $52.00 for the company, according to Zacks. Zacks has also assigned Shinhan Financial Group an industry rank of 193 out of 257 based on the ratings given to its competitors.
SHG has been the subject of several recent research reports. Zacks Investment Research downgraded Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 27th. Credit Suisse Group initiated coverage on Shinhan Financial Group in a research note on Tuesday, October 23rd. They issued an “outperform” rating for the company. ValuEngine upgraded 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 Shinhan Financial Group from a “neutral” rating to a “buy” rating in a research note on Thursday, August 30th.
Shares of NYSE SHG traded down $0.61 during midday trading on Monday, hitting $37.68. 61,362 shares of the company’s stock were exchanged, compared to its average volume of 84,004. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.64. Shinhan Financial Group has a 12 month low of $36.35 and a 12 month high of $50.37. The company has a market capitalization of $18.16 billion, a P/E ratio of 3.29, a P/E/G ratio of 1.55 and a beta of 1.03.
Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Tuesday, August 14th. The bank reported $3.66 EPS for the quarter. Shinhan Financial Group had a return on equity of 8.45% and a net margin of 17.31%. The company had revenue of $2.33 billion during the quarter. Analysts predict that Shinhan Financial Group will post 5.68 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Shinhan Financial Group by 82.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,720 shares of the bank’s stock valued at $190,000 after purchasing an additional 2,133 shares during the period. A.R.T. Advisors LLC acquired a new position in Shinhan Financial Group in the 1st quarter valued at $207,000. Advisor Partners LLC acquired a new position in Shinhan Financial Group in the 2nd quarter valued at $223,000. Cubist Systematic Strategies LLC acquired a new position in Shinhan Financial Group in the 2nd quarter valued at $272,000. Finally, US Bancorp DE raised its holdings in Shinhan Financial Group by 38.0% in the 2nd quarter. US Bancorp DE now owns 7,334 shares of the bank’s stock valued at $282,000 after acquiring an additional 2,020 shares in the last quarter. Institutional investors and hedge funds own 2.50% of the company’s stock.
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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