Shinhan Financial Group Co., Ltd. (NYSE:SHG) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation. Shinhan Financial Group’s rating score has improved by 66.7% from 90 days ago as a result of various analysts’ ratings changes.
Brokerages have set a one year consensus price objective of $56.00 for the company, according to Zacks. Zacks has also given Shinhan Financial Group an industry rank of 135 out of 255 based on the ratings given to related companies.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nordea Investment Management AB purchased a new stake in Shinhan Financial Group during the fourth quarter worth approximately $47,000. Candriam Luxembourg S.C.A. purchased a new stake in Shinhan Financial Group during the fourth quarter worth approximately $705,000. D. E. Shaw & Co. Inc. purchased a new stake in Shinhan Financial Group during the fourth quarter worth approximately $1,480,000. Bank of New York Mellon Corp purchased a new stake in Shinhan Financial Group during the fourth quarter worth approximately $380,000. Finally, Pzena Investment Management LLC grew its stake in Shinhan Financial Group by 1.6% during the fourth quarter. Pzena Investment Management LLC now owns 148,014 shares of the bank’s stock worth $5,253,000 after buying an additional 2,290 shares during the period. Institutional investors own 2.44% of the company’s stock.
Shinhan Financial Group Company Profile
Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through five segments: Banking, Credit Cards, Securities, Life Insurance, and Others. It offers retail banking services, including mortgage and home equity, and retail lending; demand, savings, and fixed deposit-taking; checking accounts; 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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