Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) have been given an average broker rating score of 4.00 (Sell) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell rating. Shinhan Financial Group’s rating score has declined by 300% in the last 90 days as a result of various analysts’ ratings changes.
Analysts have set a 12-month consensus price target of $43.00 for the company, according to Zacks. Zacks has also given Shinhan Financial Group an industry rank of 106 out of 256 based on the ratings given to related companies.
Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lowered Shinhan Financial Group from an “overweight” rating to a “neutral” rating in a research note on Monday, August 5th. Bank of America lowered Shinhan Financial Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 28th. ValuEngine lowered Shinhan Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded Shinhan Financial Group from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 27th.
Shares of NYSE SHG traded down $0.97 during trading on Friday, reaching $33.37. 98,789 shares of the company traded hands, compared to its average volume of 104,270. The company has a fifty day moving average price of $37.38. The firm has a market cap of $16.16 billion, a PE ratio of 2.79, a P/E/G ratio of 1.67 and a beta of 0.83. Shinhan Financial Group has a 12-month low of $33.30 and a 12-month high of $41.79. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.09 and a current ratio of 1.09.
Shinhan Financial Group (NYSE:SHG) last announced its quarterly earnings results on Tuesday, May 21st. The bank reported $3.45 earnings per share for the quarter. Shinhan Financial Group had a return on equity of 12.82% and a net margin of 18.62%. The firm had revenue of $3.03 billion during the quarter. As a group, equities analysts expect that Shinhan Financial Group will post 5.75 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of SHG. Covenant Multifamily Offices LLC acquired a new position in shares of Shinhan Financial Group during the 1st quarter worth approximately $25,000. Alera Investment Advisors LLC boosted its holdings in shares of Shinhan Financial Group by 64.5% during the 1st quarter. Alera Investment Advisors LLC now owns 936 shares of the bank’s stock worth $35,000 after purchasing an additional 367 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Shinhan Financial Group during the 4th quarter worth approximately $47,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Shinhan Financial Group during the 1st quarter worth approximately $56,000. Finally, Parallel Advisors LLC boosted its holdings in shares of Shinhan Financial Group by 1,021.8% during the 1st quarter. Parallel Advisors LLC now owns 1,750 shares of the bank’s stock worth $65,000 after purchasing an additional 1,594 shares during the last quarter. Institutional investors own 2.84% 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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