Zacks: Shinhan Financial Group Co., Ltd. (SHG) Given Average Rating of “Hold” by Analysts

Shinhan Financial Group Co., Ltd. (NYSE:SHG) has been assigned 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 rating.

Brokerages have set a 12-month consensus target price of $52.00 for the company, according to Zacks. Zacks has also assigned Shinhan Financial Group an industry rank of 200 out of 265 based on the ratings given to its competitors.

Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 21st. raised shares of Shinhan Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd.

A number of institutional investors have recently added to or reduced their stakes in the stock. Airain ltd raised its stake in Shinhan Financial Group by 8.8% during the second quarter. Airain ltd now owns 5,831 shares of the bank’s stock valued at $254,000 after purchasing an additional 474 shares in the last quarter. US Bancorp DE raised its stake in Shinhan Financial Group by 12.5% during the second quarter. US Bancorp DE now owns 4,408 shares of the bank’s stock valued at $191,000 after purchasing an additional 489 shares in the last quarter. State Street Corp raised its stake in Shinhan Financial Group by 2.0% during the second quarter. State Street Corp now owns 38,645 shares of the bank’s stock valued at $1,680,000 after purchasing an additional 745 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Shinhan Financial Group by 4.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 19,531 shares of the bank’s stock valued at $849,000 after purchasing an additional 915 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Shinhan Financial Group by 48.3% during the second quarter. BNP Paribas Arbitrage SA now owns 3,493 shares of the bank’s stock valued at $152,000 after acquiring an additional 1,137 shares during the last quarter. 2.27% of the stock is currently owned by institutional investors.

Shinhan Financial Group (NYSE SHG) traded down $1.59 during mid-day trading on Monday, hitting $43.58. 123,900 shares of the stock traded hands, compared to its average volume of 82,065. Shinhan Financial Group has a 1 year low of $36.69 and a 1 year high of $48.98. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $21,100.00, a P/E ratio of 3.73, a PEG ratio of 1.42 and a beta of 1.05.

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Shinhan Financial Group Company Profile

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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