Shinhan Financial Group (NYSE:SHG) Downgraded to Hold at StockNews.com

Shinhan Financial Group (NYSE:SHGGet Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Shinhan Financial Group Trading Up 1.3 %

Shares of Shinhan Financial Group stock opened at $34.04 on Thursday. The company has a 50 day simple moving average of $33.48 and a two-hundred day simple moving average of $32.04. The firm has a market cap of $17.34 billion, a PE ratio of 5.61, a PEG ratio of 0.58 and a beta of 0.93. Shinhan Financial Group has a 1 year low of $24.99 and a 1 year high of $38.65. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.02 and a quick ratio of 1.02.

Shinhan Financial Group (NYSE:SHGGet Free Report) last announced its earnings results on Thursday, April 18th. The bank reported $0.75 earnings per share (EPS) for the quarter. Shinhan Financial Group had a net margin of 12.76% and a return on equity of 7.23%. The company had revenue of $3.14 billion during the quarter. Analysts expect that Shinhan Financial Group will post 6.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SHG. Lazard Asset Management LLC boosted its stake in shares of Shinhan Financial Group by 2.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,298,302 shares of the bank’s stock valued at $46,075,000 after purchasing an additional 34,597 shares in the last quarter. Clearbridge Investments LLC boosted its position in Shinhan Financial Group by 75.0% during the first quarter. Clearbridge Investments LLC now owns 121,713 shares of the bank’s stock valued at $4,320,000 after buying an additional 52,161 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Shinhan Financial Group by 14.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 177,972 shares of the bank’s stock valued at $6,316,000 after buying an additional 22,536 shares during the period. Acadian Asset Management LLC grew its stake in shares of Shinhan Financial Group by 156.0% during the first quarter. Acadian Asset Management LLC now owns 274,784 shares of the bank’s stock valued at $9,749,000 after buying an additional 167,434 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of Shinhan Financial Group by 43.6% in the first quarter. Orion Portfolio Solutions LLC now owns 78,315 shares of the bank’s stock worth $2,779,000 after buying an additional 23,780 shares during the period. 7.76% of the stock is currently owned by institutional investors.

Shinhan Financial Group Company Profile

(Get Free Report)

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.

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