NYSE:SHG

Shinhan Financial Group (SHG) Stock Forecast, Price & News

$26.27

-0.22 (-0.83%)

(As of 09:44 AM ET)

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Today's Range: $26.27
▼
$26.49
50-Day Range: $25.63
▼
$28.49
52-Week Range: $23.05
▼
$36.64

Volume: 3,585 shs
Average Volume: 131,115 shs
Market Capitalization: $13.54 billion

P/E Ratio: 4.14
Dividend Yield: 4.76%
Price Target: $32.31

Shinhan Financial Group MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 23.0% Upside
$32.31 Price Target
Short Interest: Healthy
0.06% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.23
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 2.22%
From $6.77 to $6.92 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Finance Sector

513th out of 879 stocks

National Commercial Banks Industry

64th out of 86 stocks

2.0

Analyst's Opinion

Consensus Rating
Shinhan Financial Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $32.31, Shinhan Financial Group has a forecasted upside of 23.0% from its current price of $26.27.
Amount of Analyst Coverage
Shinhan Financial Group has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.06% of the outstanding shares of Shinhan Financial Group have been sold short.
Short Interest Ratio / Days to Cover
Shinhan Financial Group has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Shinhan Financial Group has recently increased by 1.37%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
Shinhan Financial Group is a leading dividend payer. It pays a dividend yield of 4.73%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Shinhan Financial Group has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Shinhan Financial Group is 19.72%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Shinhan Financial Group will have a dividend payout ratio of 18.06% next year. This indicates that Shinhan Financial Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SHG.

3.5

News and Social Media Coverage

News Sentiment
Shinhan Financial Group has a news sentiment score of 1.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Shinhan Financial Group this week, compared to 1 article on an average week.
MarketBeat Follows
2 people have added Shinhan Financial Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Shinhan Financial Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Shinhan Financial Group is held by insiders.
Percentage Held by Institutions
Only 2.81% of the stock of Shinhan Financial Group is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Shinhan Financial Group are expected to grow by 2.22% in the coming year, from $6.77 to $6.92 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Shinhan Financial Group is 4.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 107.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of Shinhan Financial Group is 4.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.08.
Price to Earnings Growth Ratio
Shinhan Financial Group has a PEG Ratio of 1.21. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Shinhan Financial Group has a P/B Ratio of 0.37. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Shinhan Financial Group (NYSE:SHG) Stock

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, Life 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. The company also provides corporate banking services, such as investment banking, real estate financing, overseas real estate and development project financing, infrastructure and structured financing, equity/venture investments, mergers and acquisitions consulting; securitization and derivatives services comprising securities and derivative products, and foreign exchange trading; and working capital loans and facilities loans. In addition, it is involved in treasury and investment activities in international capital markets consisting of foreign currency-denominated securities trading, foreign exchange trading and services, trade-related financial services, international factoring services, and foreign banking operations. Further, the company offers real estate trust, investment advisory, venture capital, non-life insurance, trust account management, securities brokerage, and asset management services, as well as leasing and equipment financing, savings banking, loan collection and credit reporting, collective investment administration, private equity investment, and financial system development services. Shinhan Financial Group Co., Ltd. was founded in 1982 and is headquartered in Seoul, South Korea.

SHG Price History

30 days | 90 days | 365 days | Advanced Chart

SHG Stock News Headlines

September 30, 2023 | americanbankingnews.com

Reviewing Shinhan Financial Group (NYSE:SHG) & Akbank T.A.S. (OTCMKTS:AKBTY)

September 18, 2023 | finance.yahoo.com

Why Shinhan Financial (SHG) is a Top Dividend Stock for Your Portfolio

October 2, 2023 | Edge On The Street (Ad)

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August 31, 2023 | finance.yahoo.com

Shinhan Financial (SHG) Could Be a Great Choice

August 11, 2023 | finance.yahoo.com

All You Need to Know About Shinhan Financial (SHG) Rating Upgrade to Strong Buy

July 29, 2023 | seekingalpha.com

Shinhan Financial Group Co., Ltd. 2023 Q2 - Results - Earnings Call Presentation

July 28, 2023 | seekingalpha.com

Shinhan Financial: Focus On Earnings Miss And Shareholder Return

July 27, 2023 | msn.com

Shinhan Financial reports Q2 results

October 2, 2023 | Edge On The Street (Ad)

Gold Could Be Heading for Record Highs - But How to Play It?

May 24, 2023 | finance.yahoo.com

South Korea asset manager blames BNP AM joint venture for slow ETF start

April 21, 2023 | benzinga.com

Shinhan Financial Group files its FY2022 Form 20-F to the SEC

April 11, 2023 | forbes.com

Shinhan Financial Group

March 4, 2023 | seekingalpha.com

Shinhan Financial: Shareholder Capital Return Improvement Is Key Catalyst

February 27, 2023 | finance.yahoo.com

Best Value Stocks to Buy for February 27th

February 22, 2023 | finance.yahoo.com

Should Value Investors Buy Shinhan Financial Group Co (SHG) Stock?

February 17, 2023 | morningstar.com

Shinhan Financial Group Down Over 5%, on Pace for Largest Percent Decrease Since May 2021 — Data Talk

February 16, 2023 | finance.yahoo.com

Is Societe Generale Group (SCGLY) Stock Undervalued Right Now?

February 10, 2023 | msn.com

SHG or EBKDY: Which Is the Better Value Stock Right Now?

January 31, 2023 | msn.com

Tech, Telecoms Stocks Weigh Down Asian Equities in Tuesday Trading

January 31, 2023 | finance.yahoo.com

Zacks.com featured highlights MercadoLibre, Axcelis Technologies, Shinhan Financial, Pinduoduo and Collegium Pharmaceutical

January 30, 2023 | finance.yahoo.com

Are Investors Undervaluing Shinhan Financial Group Co (SHG) Right Now?

January 30, 2023 | finance.yahoo.com

Shinhan Financial (SHG) is a Great Momentum Stock: Should You Buy?

January 21, 2023 | forbes.com

Low P/E, Below Book, Dividend-Paying: Just Broke Above Downtrend

January 17, 2023 | msn.com

Tech Stocks Lead Asian Equities Lower in Tuesday Trading

December 23, 2022 | seekingalpha.com

Shinhan Financial: All Eyes On 2023 Outlook

December 8, 2022 | msn.com

Shinhan Bank CEO tapped as final candidate for group chairmanship

November 25, 2022 | finance.yahoo.com

Shinhan Financial’s U.S. Unit Ordered to Beef Up Money Laundering Oversight

See More Headlines

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SHG Company Calendar

Last Earnings: 8/14/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/13/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: National commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:SHG
CUSIP: N/A
CIK: 1263043
Web: www.shinhangroup.com
Phone: (226) 360-3000
Fax: 82-2-6360-3098
Employees: 2,020
Year Founded: 1982

Price Target and Rating

Average Stock Price Forecast: $32.31
High Stock Price Forecast: $32.31
Low Stock Price Forecast: $32.31
Forecasted Upside/Downside: +22.0%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.34
Trailing P/E Ratio: 4.18
Forward P/E Ratio: 3.91
P/E Growth: 1.21
Net Income: $3.25 billion
Net Margins: 15.90%
Pretax Margin: 19.83%
Return on Equity: 8.61%
Return on Assets: 0.68%

Debt

Debt-to-Equity Ratio: 1.33
Current Ratio: 1.02
Quick Ratio: 1.02

Sales & Book Value

Annual Sales: $18.75 billion
Price / Sales: 0.73
Cash Flow: $8.52 per share
Price / Cash Flow: 3.11
Book Value: $70.35 per share
Price / Book: 0.38

Miscellaneous

Outstanding Shares: 515,500,000
Free Float: 510,349,000
Market Cap: $13.66 billion
Optionable: Not Optionable
Beta: 0.83

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Key Executives

Mr. Ok-Dong Jin (Age 62)
CEO & Exec. Director

Taekyung Lee (Age 57)
Deputy Pres & CFO

Mr. Een-kyoon Lee (Age 56)
Deputy Pres & COO

Mr. Tae Youn Kim (Age 55)
Exec. Director, Head of Global & New Bus. Division and Head of Accounting Division

Mr. Keun Soo Jung (Age 57)
Deputy Pres and Head of Group & Global Investment Banking Group

Cheol Woo Park
Head of Investor Relations

Mr. Ho-Min Wang (Age 59)
Deputy Pres & Chief Compliance Officer

Mr. Jun Sik Ahn (Age 58)
Deputy Pres & Chief PR Officer

Mr. Jung Kee Min (Age 64)
Chief of Asset Management Unit

Mr. Young-Taeg Heo (Age 62)
Deputy Pres & Chief Management Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SHG Stock - Frequently Asked Questions

Should I buy or sell Shinhan Financial Group stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shinhan Financial Group in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SHG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHG, but not buy additional shares or sell existing shares.
View SHG analyst ratings or view top-rated stocks.
What is Shinhan Financial Group's stock price forecast for 2023?: 3 analysts have issued 1-year target prices for Shinhan Financial Group's stock. Their SHG share price forecasts range from $32.31 to $32.31. On average, they predict the company's share price to reach $32.31 in the next twelve months. This suggests a possible upside of 22.0% from the stock's current price.
View analysts price targets for SHG or view top-rated stocks among Wall Street analysts.
How have SHG shares performed in 2023?: Shinhan Financial Group's stock was trading at $27.93 at the beginning of 2023. Since then, SHG shares have decreased by 5.2% and is now trading at $26.49.
View the best growth stocks for 2023 here.
When is Shinhan Financial Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our SHG earnings forecast.
How were Shinhan Financial Group's earnings last quarter?: Shinhan Financial Group Co., Ltd. (NYSE:SHG) issued its quarterly earnings results on Monday, August, 14th. The bank reported $1.75 EPS for the quarter. The bank earned $3.15 billion during the quarter. Shinhan Financial Group had a trailing twelve-month return on equity of 8.61% and a net margin of 15.90%.
What ETFs hold Shinhan Financial Group's stock?: ETFs with the largest weight of Shinhan Financial Group (NYSE:SHG) stock in their portfolio include Avantis Emerging Markets Value ETF (AVES) and Avantis Responsible Emerging Markets Equity ETF (AVSE).Avantis Emerging Markets Equity ETF (AVEM).

Is Shinhan Financial Group a good dividend stock?: Shinhan Financial Group (NYSE:SHG) pays an annual dividend of $1.25 per share and currently has a dividend yield of 4.73%. SHG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHG will have a dividend payout ratio of 18.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHG.
What other stocks do shareholders of Shinhan Financial Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Shinhan Financial Group investors own include Energy Transfer (ET), Pfizer (PFE), AT&T (T), Verizon Communications (VZ), Exxon Mobil (XOM), Carnival Co. & (CCL), Coty (COTY), CBL & Associates Properties (CBL), Designer Brands (DBI) and Ford Motor (F).
What is Shinhan Financial Group's stock symbol?: Shinhan Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHG."
How do I buy shares of Shinhan Financial Group?: Shares of SHG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Shinhan Financial Group's stock price today?: One share of SHG stock can currently be purchased for approximately $26.49.
How much money does Shinhan Financial Group make?: Shinhan Financial Group (NYSE:SHG) has a market capitalization of $13.66 billion and generates $18.75 billion in revenue each year. The bank earns $3.25 billion in net income (profit) each year or $6.34 on an earnings per share basis.
How many employees does Shinhan Financial Group have?: The company employs 2,020 workers across the globe.
How can I contact Shinhan Financial Group?: Shinhan Financial Group's mailing address is 20 SEJONG-DAERO 9-GIL JUNG-GU, SEOUL M5, 04513. The official website for the company is www.shinhangroup.com. The bank can be reached via phone at (226) 360-3000, via email at cheol.park@shinhan.com, or via fax at 82-2-6360-3098.

This page (NYSE:SHG) was last updated on 10/2/2023 by MarketBeat.com Staff

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