Shinhan Financial Group Co Ltd (NYSE:SHG) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus price objective of $52.00 for the company, according to Zacks. Zacks has also given Shinhan Financial Group Co an industry rank of 77 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Shinhan Financial Group Co from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Saturday.
A number of large investors have recently added to or reduced their stakes in SHG. Mirae Asset Global Investments Co. Ltd. increased its stake in Shinhan Financial Group Co by 2.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,844 shares of the bank’s stock worth $328,000 after buying an additional 170 shares during the period. US Bancorp DE increased its stake in Shinhan Financial Group Co by 5.8% in the first quarter. US Bancorp DE now owns 3,919 shares of the bank’s stock worth $164,000 after buying an additional 215 shares during the period. Comerica Bank increased its stake in Shinhan Financial Group Co by 1.2% in the first quarter. Comerica Bank now owns 28,197 shares of the bank’s stock worth $1,188,000 after buying an additional 334 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Shinhan Financial Group Co by 2.0% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,460 shares of the bank’s stock worth $855,000 after buying an additional 400 shares during the period. Finally, World Asset Management Inc increased its stake in Shinhan Financial Group Co by 1.5% in the first quarter. World Asset Management Inc now owns 29,537 shares of the bank’s stock worth $1,234,000 after buying an additional 433 shares during the period. Hedge funds and other institutional investors own 2.34% of the company’s stock.
Shinhan Financial Group Co (NYSE:SHG) opened at 47.44 on Tuesday. Shinhan Financial Group Co has a one year low of $34.91 and a one year high of $47.53. The firm has a market capitalization of $22.50 billion, a PE ratio of 8.58 and a beta of 1.06. The company’s 50-day moving average price is $44.05 and its 200 day moving average price is $42.28.
Shinhan Financial Group Co Company Profile
Shinhan Financial Group Co, Ltd. (SFG) is a financial holding company. The Company operates through five segments: commercial banking services, which are provided by Shinhan Bank Co, Ltd. (Shinhan Bank); credit card services, which are provided by Shinhan Card Co, Ltd. (Shinhan Card); securities brokerage services, which are provided by Shinhan Investment Corp.
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