Shinhan Financial Group Co., Ltd. (NYSE:SHG) Given Consensus Recommendation of “Sell” by Analysts

Shinhan Financial Group Co., Ltd. (NYSE:SHG) has earned an average broker rating score of 4.00 (Sell) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell rating. Shinhan Financial Group’s rating score has declined by 300% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokerages have set a 12 month consensus price target of $43.00 for the company, according to Zacks. Zacks has also given Shinhan Financial Group an industry rank of 207 out of 256 based on the ratings given to its competitors.

A number of research firms have weighed in on SHG. Zacks Investment Research cut shares of Shinhan Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 5th. Bank of America cut shares of Shinhan Financial Group from a “neutral” rating to an “underperform” rating in a research report on Tuesday, May 28th.



SHG stock traded down $0.06 during mid-day trading on Wednesday, reaching $38.80. 45,588 shares of the stock traded hands, compared to its average volume of 91,649. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. Shinhan Financial Group has a one year low of $34.02 and a one year high of $43.72. The stock has a market capitalization of $17.91 billion, a price-to-earnings ratio of 3.24, a price-to-earnings-growth ratio of 1.85 and a beta of 0.81.

Shinhan Financial Group (NYSE:SHG) last posted its quarterly earnings data on Tuesday, April 30th. The bank reported $7.16 earnings per share for the quarter. Shinhan Financial Group had a net margin of 18.62% and a return on equity of 12.82%. The business had revenue of $6.85 billion for the quarter. As a group, equities research analysts expect that Shinhan Financial Group will post 5.75 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of SHG. Quantamental Technologies LLC bought a new position in shares of Shinhan Financial Group in the fourth quarter worth about $75,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Shinhan Financial Group by 6.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 17,926 shares of the bank’s stock worth $636,000 after purchasing an additional 1,112 shares during the last quarter. Gabelli Funds LLC bought a new position in shares of Shinhan Financial Group in the fourth quarter worth about $295,000. Crossmark Global Holdings Inc. grew its holdings in shares of Shinhan Financial Group by 0.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 60,490 shares of the bank’s stock worth $2,147,000 after purchasing an additional 492 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Shinhan Financial Group in the fourth quarter worth about $2,251,000. Hedge funds and other institutional investors own 2.85% 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 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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