Brokerages Set $52.00 Target Price for Shinhan Financial Group Co., Ltd. (SHG)

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

Brokers have set a 12 month consensus price target of $52.00 for the company, according to Zacks. Zacks has also assigned Shinhan Financial Group an industry rank of 213 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered Shinhan Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd.

Shinhan Financial Group (NYSE SHG) opened at $44.63 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Shinhan Financial Group has a 1 year low of $40.02 and a 1 year high of $50.37. The stock has a market capitalization of $21,163.50, a P/E ratio of 3.82, a P/E/G ratio of 1.76 and a beta of 1.11.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pzena Investment Management LLC grew its position in Shinhan Financial Group by 20.2% during the 4th quarter. Pzena Investment Management LLC now owns 93,568 shares of the bank’s stock worth $4,342,000 after acquiring an additional 15,724 shares during the last quarter. Thomas White International Ltd. bought a new position in Shinhan Financial Group during the 4th quarter worth approximately $3,133,000. Citadel Advisors LLC bought a new stake in shares of Shinhan Financial Group in the 4th quarter worth approximately $268,000. Wetherby Asset Management Inc. grew its position in shares of Shinhan Financial Group by 5.7% in the 4th quarter. Wetherby Asset Management Inc. now owns 25,936 shares of the bank’s stock worth $1,203,000 after buying an additional 1,390 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Shinhan Financial Group by 45.4% in the 4th quarter. BlackRock Inc. now owns 433,581 shares of the bank’s stock worth $20,118,000 after buying an additional 135,386 shares during the last quarter. Institutional investors and hedge funds own 2.25% of the company’s stock.

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About Shinhan Financial Group

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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