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

3 Wall Street research 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 research 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.

3 analysts have issued twelve-month price targets for Shinhan Financial Group's stock. Their SHG share price forecasts range from $32.31 to $32.31. On average, they anticipate the company's share price to reach $32.31 in the next twelve months. This suggests a possible upside of 21.5% from the stock's current price.
View analysts price targets for SHG or view top-rated stocks among Wall Street analysts.

Shinhan Financial Group's stock was trading at $27.93 on January 1st, 2023. Since then, SHG shares have decreased by 4.8% and is now trading at $26.60.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023.
View our SHG earnings forecast.

Shinhan Financial Group Co., Ltd. (NYSE:SHG) announced its quarterly earnings results on Monday, March, 6th. The bank reported $0.41 earnings per share (EPS) for the quarter. The bank had revenue of $3.09 billion for the quarter. Shinhan Financial Group had a net margin of 17.86% and a trailing twelve-month return on equity of 9.18%.

ETFs with the largest weight of Shinhan Financial Group (NYSE:SHG) stock in their portfolio include Avantis Emerging Markets Value ETF (AVES), Avantis Responsible Emerging Markets Equity ETF (AVSE) and Avantis Emerging Markets Equity ETF (AVEM).SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM).

Shinhan Financial Group (NYSE:SHG) pays an annual dividend of $1.23 per share and currently has a dividend yield of 4.67%. SHG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 18.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHG will have a dividend payout ratio of 19.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHG.

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).

Shinhan Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHG."

Shinhan Financial Group's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (0.40%), Dimensional Fund Advisors LP (0.33%), Pzena Investment Management LLC (0.18%), Arrowstreet Capital Limited Partnership (0.14%), Orbis Allan Gray Ltd (0.09%) and American Century Companies Inc. (0.08%).

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.
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One share of SHG stock can currently be purchased for approximately $26.60.

Shinhan Financial Group (NYSE:SHG) has a market capitalization of $13.90 billion and generates $18.75 billion in revenue each year. The bank earns $3.25 billion in net income (profit) each year or $6.53 on an earnings per share basis.

The company employs 2,020 workers across the globe.

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.