Shinhan Financial Group (NYSE:SHG) Rating Lowered to “Hold” at Wall Street Zen

by · The Cerbat Gem

Shinhan Financial Group (NYSE:SHG – Get Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

SHG has been the subject of several other reports. Weiss Ratings reissued a “buy (b)” rating on shares of Shinhan Financial Group in a research report on Friday, August 14th. Zacks Research raised Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, Shinhan Financial Group has an average rating of “Strong Buy”.

Check Out Our Latest Research Report on Shinhan Financial Group

Shinhan Financial Group Stock Performance

Shares of SHG opened at $65.56 on Friday. The firm has a market cap of $30.78 billion, a PE ratio of 8.49, a PEG ratio of 0.46 and a beta of 1.07. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s fifty day moving average price is $76.53 and its two-hundred day moving average price is $68.52. Shinhan Financial Group has a 1 year low of $51.07 and a 1 year high of $85.57.

Shinhan Financial Group (NYSE:SHG – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The bank reported $2.26 earnings per share (EPS) for the quarter. The firm had revenue of $2.96 billion for the quarter. Shinhan Financial Group had a net margin of 15.68% and a return on equity of 8.81%. On average, equities research analysts forecast that Shinhan Financial Group will post 9.38 EPS for the current year.

Institutional Investors Weigh In On Shinhan Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Plan A Wealth LLC raised its holdings in shares of Shinhan Financial Group by 1.0% during the 3rd quarter. Plan A Wealth LLC now owns 15,465 shares of the bank’s stock valued at $1,201,000 after buying an additional 160 shares during the period. Bessemer Group Inc. boosted its stake in Shinhan Financial Group by 3.3% during the 1st quarter. Bessemer Group Inc. now owns 5,744 shares of the bank’s stock valued at $352,000 after purchasing an additional 183 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Shinhan Financial Group by 4.1% during the third quarter. Farther Finance Advisors LLC now owns 5,562 shares of the bank’s stock valued at $432,000 after purchasing an additional 218 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Shinhan Financial Group by 7.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,600 shares of the bank’s stock valued at $280,000 after purchasing an additional 235 shares in the last quarter. Finally, WealthCollab LLC lifted its stake in Shinhan Financial Group by 19.2% during the first quarter. WealthCollab LLC now owns 1,635 shares of the bank’s stock valued at $100,000 after purchasing an additional 263 shares during the last quarter. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

About Shinhan Financial Group

(Get Free Report)

Shinhan Financial Group Co, Ltd. is a South Korean financial holding company headquartered in Seoul. Established in 2001, the group operates through subsidiaries that provide a broad range of financial products and services to individuals, businesses and institutional customers.

Its principal businesses include commercial and retail banking through Shinhan Bank; credit card and payment services through Shinhan Card; securities brokerage, investment banking and wealth management through Shinhan Securities; and insurance, consumer finance, leasing and asset-management services through other group affiliates.

Shinhan serves customers primarily in South Korea and maintains an international presence across markets in Asia, North America and other regions.

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