Shinhan Financial Group Co Ltd (NYSE:SHG) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Brokerages have set a 12 month consensus price objective of $52.00 for the company, according to Zacks. Zacks has also assigned Shinhan Financial Group Co an industry rank of 34 out of 265 based on the ratings given to its competitors.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Shinhan Financial Group Co from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a research report on Wednesday, June 21st. HSBC Holdings plc upgraded shares of Shinhan Financial Group Co from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd.

Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its position in shares of Shinhan Financial Group Co by 48.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,493 shares of the bank’s stock valued at $152,000 after acquiring an additional 1,137 shares in the last quarter. US Bancorp DE lifted its position in shares of Shinhan Financial Group Co by 5.8% in the 1st quarter. US Bancorp DE now owns 3,919 shares of the bank’s stock valued at $164,000 after acquiring an additional 215 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Shinhan Financial Group Co in the 1st quarter valued at approximately $201,000. Eqis Capital Management Inc. purchased a new stake in shares of Shinhan Financial Group Co in the 1st quarter valued at approximately $208,000. Finally, KCG Holdings Inc. purchased a new stake in shares of Shinhan Financial Group Co in the 1st quarter valued at approximately $215,000. Institutional investors and hedge funds own 2.32% of the company’s stock.

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Shinhan Financial Group Co (SHG) traded down 1.2273% during mid-day trading on Friday, reaching $42.8476. 41,249 shares of the company’s stock traded hands. The company has a 50-day moving average of $46.63 and a 200-day moving average of $43.87. The company has a market capitalization of $20.32 billion, a price-to-earnings ratio of 7.2982 and a beta of 1.09. Shinhan Financial Group Co has a 52-week low of $35.15 and a 52-week high of $48.98.

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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