Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) have earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Analysts have set a one year consensus target price of $52.00 for the company, according to Zacks. Zacks has also assigned Shinhan Financial Group an industry rank of 231 out of 255 based on the ratings given to related companies.

A number of brokerages recently weighed in on SHG. Zacks Investment Research lowered shares of Shinhan Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. ValuEngine raised shares of Shinhan Financial Group from a “strong sell” rating to a “sell” rating in a research note on Saturday. Finally, Bank of America raised shares of Shinhan Financial Group from a “neutral” rating to a “buy” rating in a research note on Thursday, August 30th.

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of Shinhan Financial Group by 1.6% during the 1st quarter. Royal Bank of Canada now owns 102,268 shares of the bank’s stock worth $4,336,000 after buying an additional 1,623 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Shinhan Financial Group by 29.5% during the 2nd quarter. Signaturefd LLC now owns 7,493 shares of the bank’s stock worth $288,000 after buying an additional 1,708 shares during the last quarter. US Bancorp DE boosted its stake in shares of Shinhan Financial Group by 38.0% during the 2nd quarter. US Bancorp DE now owns 7,334 shares of the bank’s stock worth $282,000 after buying an additional 2,020 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Shinhan Financial Group by 82.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,691 shares of the bank’s stock worth $199,000 after buying an additional 2,117 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its stake in shares of Shinhan Financial Group by 2.7% during the 2nd quarter. Pzena Investment Management LLC now owns 83,124 shares of the bank’s stock worth $3,199,000 after buying an additional 2,156 shares during the last quarter. Institutional investors own 2.50% of the company’s stock.

Shares of NYSE SHG opened at $39.26 on Friday. The firm has a market capitalization of $18.62 billion, a P/E ratio of 3.43, a P/E/G ratio of 1.59 and a beta of 1.10. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.07 and a quick ratio of 1.07. Shinhan Financial Group has a 1-year low of $36.35 and a 1-year high of $50.37.

Shinhan Financial Group (NYSE:SHG) last announced its earnings results on Tuesday, August 14th. The bank reported $3.66 earnings per share for the quarter. The firm had revenue of $2.33 billion during the quarter. Shinhan Financial Group had a net margin of 17.31% and a return on equity of 8.45%. sell-side analysts expect that Shinhan Financial Group will post 5.68 earnings per share for the current year.

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.

Featured Article: Hedge Funds

Get a free copy of the Zacks research report on Shinhan Financial Group (SHG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Shinhan Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shinhan Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.