Shinhan Financial Group Co., Ltd. (NYSE:SHG - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $41.46, but opened at $40.42. Shinhan Financial Group shares last traded at $40.31, with a volume of 27,675 shares.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a report on Monday, May 19th.
Read Our Latest Report on SHG
Shinhan Financial Group Stock Performance
The company's 50-day moving average price is $35.87 and its two-hundred day moving average price is $34.94. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $21.28 billion, a PE ratio of 6.74, a PEG ratio of 0.44 and a beta of 0.90.
Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The company had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. On average, equities research analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current year.
Hedge Funds Weigh In On Shinhan Financial Group
Several institutional investors and hedge funds have recently bought and sold shares of SHG. Strs Ohio purchased a new stake in Shinhan Financial Group in the 1st quarter worth approximately $613,000. Goldman Sachs Group Inc. boosted its holdings in Shinhan Financial Group by 57.9% in the first quarter. Goldman Sachs Group Inc. now owns 323,444 shares of the bank's stock worth $10,376,000 after acquiring an additional 118,548 shares in the last quarter. 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 valued at $18,689,000 after purchasing an additional 351,413 shares in the last quarter. AQR Capital Management LLC purchased a new position in Shinhan Financial Group in the 1st quarter worth approximately $210,000. Finally, Aprio Wealth Management LLC raised its position in Shinhan Financial Group by 47.1% in the 1st quarter. Aprio Wealth Management LLC now owns 18,494 shares of the bank's stock worth $593,000 after buying an additional 5,918 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors.
Shinhan Financial Group Company Profile
(
Get Free Report)
Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, 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.
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