Zacks Investment Research Upgrades Shinhan Financial Group (NYSE:SHG) to "Hold"

Thursday, April 8, 2021 | MarketBeat

Shinhan Financial Group (NYSE:SHG) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a research note issued on Thursday, reports.

According to Zacks, "Shinhan Financial Group is Korea's largest financial services company. Shinhan Bank is the Group's flagship subsidiary, and, when combined with the recently acquired Chohung Bank, is Korea's second largest banking operation. Besides banking, the Group operates subsidiaries in securities, credit cards, asset management, leasing, bancassurance, and project finance. "

SHG opened at $33.78 on Thursday. The company has a fifty day moving average of $31.03 and a two-hundred day moving average of $29.16. The stock has a market capitalization of $17.45 billion, a price-to-earnings ratio of 5.90, a PEG ratio of 2.16 and a beta of 0.86. Shinhan Financial Group has a fifty-two week low of $21.61 and a fifty-two week high of $33.78. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.07 and a current ratio of 1.07.

Shinhan Financial Group (NYSE:SHG) last posted its earnings results on Wednesday, March 3rd. The bank reported $0.69 EPS for the quarter. The firm had revenue of $3.14 billion for the quarter. Shinhan Financial Group had a return on equity of 8.26% and a net margin of 17.06%. On average, equities research analysts forecast that Shinhan Financial Group will post 5.9 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its holdings in shares of Shinhan Financial Group by 258.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 143,105 shares of the bank's stock valued at $3,287,000 after acquiring an additional 103,156 shares during the last quarter. Jane Street Group LLC purchased a new position in Shinhan Financial Group in the 3rd quarter valued at $1,226,000. Wetherby Asset Management Inc. lifted its holdings in Shinhan Financial Group by 12.2% in the 4th quarter. Wetherby Asset Management Inc. now owns 46,592 shares of the bank's stock valued at $1,387,000 after purchasing an additional 5,057 shares in the last quarter. JustInvest LLC grew its position in shares of Shinhan Financial Group by 21.0% in the fourth quarter. JustInvest LLC now owns 35,478 shares of the bank's stock valued at $1,056,000 after purchasing an additional 6,150 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Shinhan Financial Group by 12.8% in the 4th quarter. First Trust Advisors LP now owns 30,167 shares of the bank's stock valued at $898,000 after purchasing an additional 3,434 shares during the last quarter. 2.81% of the stock is currently owned by hedge funds and other institutional investors.

Shinhan Financial Group Company Profile

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through five segments: Commercial Banking Services, Credit Card Services, Securities Brokerage Services, Life Insurance Services, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.

Featured Story: Circuit Breakers

Get a free copy of the Zacks research report on Shinhan Financial Group (SHG)

For more information about research offerings from Zacks Investment Research, visit

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: If I purchase shares through a brokerage account, am I the holder of record?

7 Entertainment Stocks That Are Still Delighting Investors

2020 has created a real-life movie script that many production companies could have only dreamed of. But that dream has been a nightmare for many of the world’s leading entertainment stocks. Movie theaters and live entertainment venues remain shut down. The words “pent-up demand” have never resonated more. Consumers are desperate for ways to be entertained.

That may make it an odd time to consider looking at entertainment stocks. But that would be a mistake. In fact, some entertainment stocks have been among the biggest pandemic winners. This is a trend that is likely to continue as the holidays arrive. The phrase “home for the holidays” is likely to have a new meaning this year. That means consumers will still be looking for ways to be entertained. And now is the time for you to prepare your portfolio for that move.

To be clear, the novel coronavirus was not due to poor management from any company. And you can bet that in the future, many companies will leave some room in their balance sheet for future “acts of God.” But in the meantime, some entertainment stocks have been pandemic winners. And that means they will likely continue to be winners as long as the pandemic lingers.

View the "7 Entertainment Stocks That Are Still Delighting Investors".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.