Shinhan Financial Group Co., Ltd. (NYSE:SHG) has been assigned a consensus broker rating score of 4.00 (Sell) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell rating. Shinhan Financial Group’s rating score has declined by 300% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a one year consensus target price of $43.00 for the company, according to Zacks. Zacks has also given Shinhan Financial Group an industry rank of 189 out of 256 based on the ratings given to related companies.

Several brokerages have weighed in on SHG. Bank of America lowered shares of NIO from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $6.20 to $3.00 in a research report on Tuesday, May 28th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research lowered shares of ZEALAND PHARMA/S from a “buy” rating to a “hold” rating in a research report on Saturday.

SHG traded up $0.21 on Friday, hitting $36.87. 71,877 shares of the company were exchanged, compared to its average volume of 61,354. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. The business has a fifty day moving average price of $38.17. Shinhan Financial Group has a fifty-two week low of $34.02 and a fifty-two week high of $41.79. The firm has a market capitalization of $17.25 billion, a price-to-earnings ratio of 3.08, a P/E/G ratio of 1.78 and a beta of 0.81.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Tuesday, May 21st. The bank reported $3.45 earnings per share for the quarter. Shinhan Financial Group had a net margin of 18.62% and a return on equity of 12.82%. The company had revenue of $3.03 billion for the quarter. On average, sell-side analysts predict that Shinhan Financial Group will post 5.75 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in SHG. Covenant Multifamily Offices LLC acquired a new stake in shares of Shinhan Financial Group in the first quarter valued at approximately $25,000. Alera Investment Advisors LLC grew its position in shares of Shinhan Financial Group by 64.5% in the first quarter. Alera Investment Advisors LLC now owns 936 shares of the bank’s stock valued at $35,000 after purchasing an additional 367 shares during the last quarter. Nordea Investment Management AB acquired a new stake in shares of Shinhan Financial Group in the fourth quarter valued at approximately $47,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Shinhan Financial Group in the first quarter valued at approximately $56,000. Finally, Parallel Advisors LLC grew its position in shares of Shinhan Financial Group by 1,021.8% in the first quarter. Parallel Advisors LLC now owns 1,750 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,594 shares during the last quarter. Institutional investors and hedge funds own 2.85% of the company’s stock.

Shinhan Financial Group Company Profile

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through five segments: Banking, Credit Cards, Securities, Life Insurance, and Others. It offers retail banking services, including mortgage and home equity, and retail lending; demand, savings, and fixed deposit-taking; checking accounts; 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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