Shinhan Financial Group (NYSE:SHG) Stock Price Up 3.4%

Shinhan Financial Group Co., Ltd. (NYSE:SHG) rose 3.4% during trading on Friday . The company traded as high as $38.49 and last traded at $38.44. Approximately 31,825 shares were traded during trading, a decline of 75% from the average daily volume of 125,756 shares. The stock had previously closed at $37.18.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th.

Shinhan Financial Group Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.49. The stock has a market cap of $19.48 billion, a P/E ratio of 6.13, a PEG ratio of 0.64 and a beta of 0.93. The firm’s fifty day moving average price is $34.57 and its 200-day moving average price is $32.87.

Shinhan Financial Group (NYSE:SHG) last issued its earnings results on Thursday, May 16th. The bank reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.35. Shinhan Financial Group had a net margin of 12.76% and a return on equity of 7.23%. The firm had revenue of $3.09 billion for the quarter. Analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.21 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Shinhan Financial Group in the fourth quarter worth approximately $29,000. Allspring Global Investments Holdings LLC lifted its stake in Shinhan Financial Group by 27.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,612 shares of the bank’s stock worth $50,000 after acquiring an additional 349 shares during the period. SageView Advisory Group LLC purchased a new stake in Shinhan Financial Group in the first quarter worth $61,000. Janiczek Wealth Management LLC lifted its stake in Shinhan Financial Group by 44.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 2,305 shares of the bank’s stock worth $71,000 after acquiring an additional 704 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in Shinhan Financial Group by 19.7% in the fourth quarter. Lindbrook Capital LLC now owns 4,657 shares of the bank’s stock worth $143,000 after acquiring an additional 767 shares during the period. Institutional investors own 7.76% of the company’s stock.

About Shinhan Financial Group

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.