Shinhan Financial Group (NYSE:SHG) Downgraded to “Hold” at StockNews.com

StockNews.com lowered shares of Shinhan Financial Group (NYSE:SHGFree Report) from a buy rating to a hold rating in a research note released on Thursday morning.

Shinhan Financial Group Stock Down 0.1 %

Shares of NYSE:SHG opened at $33.60 on Thursday. The company has a fifty day moving average of $33.51 and a 200-day moving average of $32.00. The company has a market capitalization of $17.12 billion, a PE ratio of 5.54, a price-to-earnings-growth ratio of 0.57 and a beta of 0.93. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.02 and a current ratio of 1.02. Shinhan Financial Group has a 52-week low of $24.99 and a 52-week high of $38.65.

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

Institutional Trading of Shinhan Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC increased its holdings in Shinhan Financial Group by 2.7% in the first quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank’s stock valued at $46,075,000 after purchasing an additional 34,597 shares during the period. Clearbridge Investments LLC boosted its position in Shinhan Financial Group by 75.0% during the first quarter. Clearbridge Investments LLC now owns 121,713 shares of the bank’s stock valued at $4,320,000 after acquiring an additional 52,161 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Shinhan Financial Group by 14.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 177,972 shares of the bank’s stock valued at $6,316,000 after acquiring an additional 22,536 shares during the last quarter. Acadian Asset Management LLC boosted its position in Shinhan Financial Group by 156.0% during the first quarter. Acadian Asset Management LLC now owns 274,784 shares of the bank’s stock valued at $9,749,000 after acquiring an additional 167,434 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in Shinhan Financial Group by 43.6% during the first quarter. Orion Portfolio Solutions LLC now owns 78,315 shares of the bank’s stock valued at $2,779,000 after acquiring an additional 23,780 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

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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