Shinhan Financial Group (NYSE:SHG) Upgraded at StockNews.com

Shinhan Financial Group (NYSE:SHGGet Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Shinhan Financial Group Trading Up 0.6 %

SHG stock opened at $33.97 on Wednesday. Shinhan Financial Group has a 1-year low of $24.99 and a 1-year high of $38.65. The firm has a market cap of $17.30 billion, a P/E ratio of 5.60, a P/E/G ratio of 0.59 and a beta of 0.92. The business’s 50 day moving average is $33.78 and its 200-day moving average is $31.78. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.49.

Shinhan Financial Group (NYSE:SHGGet Free Report) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.75 earnings per share for the quarter. The company had revenue of $3.14 billion for the quarter. Shinhan Financial Group had a return on equity of 7.23% and a net margin of 12.76%. Equities analysts anticipate that Shinhan Financial Group will post 6.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shinhan Financial Group

A number of large investors have recently bought and sold shares of the business. Lazard Asset Management LLC grew its position in Shinhan Financial Group by 2.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank’s stock worth $46,075,000 after acquiring an additional 34,597 shares during the last quarter. American Century Companies Inc. grew its position in Shinhan Financial Group by 9.2% during the 3rd quarter. American Century Companies Inc. now owns 514,638 shares of the bank’s stock worth $13,633,000 after acquiring an additional 43,516 shares during the last quarter. Brandes Investment Partners LP grew its position in Shinhan Financial Group by 54.3% during the 4th quarter. Brandes Investment Partners LP now owns 483,643 shares of the bank’s stock worth $14,887,000 after acquiring an additional 170,135 shares during the last quarter. Acadian Asset Management LLC grew its position in Shinhan Financial Group by 156.0% during the 1st quarter. Acadian Asset Management LLC now owns 274,784 shares of the bank’s stock worth $9,749,000 after acquiring an additional 167,434 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in Shinhan Financial Group by 14.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 177,972 shares of the bank’s stock worth $6,316,000 after acquiring an additional 22,536 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.

Further Reading

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