Zacks: Shinhan Financial Group Co., Ltd. (SHG) Given $52.00 Average Target Price by Brokerages

Shinhan Financial Group Co., Ltd. (NYSE:SHG) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokerages have set a 12-month consensus target price of $52.00 for the company, according to Zacks. Zacks has also assigned Shinhan Financial Group an industry rank of 189 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of Shinhan Financial Group from a “sell” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research note on Thursday, November 2nd.

A number of hedge funds and other institutional investors have recently bought and sold shares of SHG. Nomura Asset Management Co. Ltd. acquired a new stake in Shinhan Financial Group in the third quarter valued at approximately $9,697,000. Arrowstreet Capital Limited Partnership acquired a new stake in Shinhan Financial Group in the second quarter valued at approximately $5,712,000. Northern Trust Corp lifted its stake in Shinhan Financial Group by 6.6% in the second quarter. Northern Trust Corp now owns 1,266,029 shares of the bank’s stock valued at $55,060,000 after acquiring an additional 78,581 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Shinhan Financial Group in the third quarter worth $3,157,000. Finally, Aperio Group LLC lifted its stake in shares of Shinhan Financial Group by 10.2% in the third quarter. Aperio Group LLC now owns 388,931 shares of the bank’s stock worth $17,230,000 after buying an additional 36,072 shares during the last quarter. Hedge funds and other institutional investors own 2.25% of the company’s stock.

Shares of Shinhan Financial Group (NYSE:SHG) opened at $49.29 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $23,121.94, a P/E ratio of 4.22, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. Shinhan Financial Group has a one year low of $38.96 and a one year high of $50.37.

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Shinhan Financial Group 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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