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 changing hands.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a research report on Monday, May 19th.
Read Our Latest Report on Shinhan Financial Group
Shinhan Financial Group Stock Up 7.0%
The company's 50 day simple moving average is $35.42 and its 200-day simple moving average is $34.84. 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 firm has a market capitalization of $21.52 billion, a PE ratio of 6.81, a PEG ratio of 0.44 and a beta of 0.84.
Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The bank reported $1.94 EPS for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The firm had revenue of $2.82 billion for the quarter. On average, analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current fiscal year.
Institutional Trading of Shinhan Financial Group
Large investors have recently modified their holdings of the business. Wayfinding Financial LLC purchased a new stake in Shinhan Financial Group in the 1st quarter worth approximately $25,000. Cullen Frost Bankers Inc. bought a new position in shares of Shinhan Financial Group during the first quarter valued at approximately $28,000. Sierra Ocean LLC purchased a new stake in Shinhan Financial Group in the fourth quarter worth $43,000. Tower Research Capital LLC TRC lifted its stake in Shinhan Financial Group by 1,884.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank's stock worth $95,000 after acquiring an additional 2,751 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new stake in Shinhan Financial Group in the fourth quarter valued at $125,000. 7.76% of the stock is owned by institutional investors.
About Shinhan Financial Group
(
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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