Shinhan Financial Group Co Ltd (NYSE:SHG - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $66.90 and traded as high as $75.16. Shinhan Financial Group shares last traded at $75.0480, with a volume of 160,818 shares changing hands.
Wall Street Analyst Weigh In
Several research firms have weighed in on SHG. Weiss Ratings reissued a "buy (b)" rating on shares of Shinhan Financial Group in a report on Friday, August 14th. Zacks Research upgraded Shinhan Financial Group from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat, Shinhan Financial Group has a consensus rating of "Strong Buy".
View Our Latest Stock Report on SHG
Shinhan Financial Group Stock Performance
The company has a debt-to-equity ratio of 1.43, a current ratio of 1.00 and a quick ratio of 1.00. The stock's 50-day moving average price is $70.29 and its 200-day moving average price is $66.90. The company has a market cap of $35.23 billion, a P/E ratio of 10.09, a PEG ratio of 0.56 and a beta of 0.94.
Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The bank reported $2.26 EPS for the quarter. Shinhan Financial Group had a net margin of 15.69% and a return on equity of 8.69%. The business had revenue of $2.96 billion for the quarter. Equities analysts anticipate that Shinhan Financial Group Co Ltd will post 8.53 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC raised its position in shares of Shinhan Financial Group by 6.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,671,184 shares of the bank's stock valued at $89,626,000 after buying an additional 94,449 shares in the last quarter. Northern Trust Corp grew its position in Shinhan Financial Group by 0.5% during the third quarter. Northern Trust Corp now owns 1,498,706 shares of the bank's stock worth $75,490,000 after buying an additional 7,518 shares in the last quarter. Bank of America Corp DE increased its stake in Shinhan Financial Group by 0.5% during the 3rd quarter. Bank of America Corp DE now owns 686,044 shares of the bank's stock worth $34,556,000 after acquiring an additional 3,709 shares during the period. Millennium Management LLC increased its stake in Shinhan Financial Group by 152.0% during the 1st quarter. Millennium Management LLC now owns 582,570 shares of the bank's stock worth $18,689,000 after acquiring an additional 351,413 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Shinhan Financial Group by 57.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 323,444 shares of the bank's stock valued at $10,376,000 after acquiring an additional 118,548 shares in the last quarter. 7.76% of the stock is owned by institutional investors.
About Shinhan Financial Group
(
Get Free Report)
Shinhan Financial Group is a South Korea–based financial holding company headquartered in Seoul. Established in 2001 as a banking and financial services group, it brings together a range of financial subsidiaries operating under the Shinhan brand, including commercial banking, card services, life insurance, securities and asset management businesses. The group serves both retail and corporate clients and is one of the leading diversified financial institutions in Korea.
The company's principal activities span retail and corporate banking, credit card issuance and payment services, life insurance and related protection products, brokerage and investment banking, and asset and wealth management.
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