Shinhan Financial Group (NYSE:SHG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Shinhan Financial Group (NYSE:SHG) from a hold rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

SHG has been the subject of several other reports. Zacks Research upgraded shares of Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Shinhan Financial Group in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, Shinhan Financial Group presently has a consensus rating of “Strong Buy”.

Shinhan Financial Group Stock Down 1.0%

SHG stock opened at $69.64 on Friday. The stock has a market capitalization of $32.69 billion, a P/E ratio of 9.45, a PEG ratio of 0.49 and a beta of 0.98. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.98 and a current ratio of 0.98. Shinhan Financial Group has a one year low of $50.85 and a one year high of $85.57. The company has a 50 day moving average price of $78.02 and a two-hundred day moving average price of $71.02.

Shinhan Financial Group (NYSE:SHG) last issued its quarterly earnings results on Friday, August 14th. The bank reported $2.26 earnings per share for the quarter. Shinhan Financial Group had a return on equity of 8.63% and a net margin of 15.69%. The company had revenue of $2.96 billion for the quarter. As a group, sell-side analysts expect that Shinhan Financial Group will post 9.22 EPS for the current year.

Institutional Trading of Shinhan Financial Group

Several large investors have recently bought and sold shares of SHG. Mather Group LLC. lifted its stake in shares of Shinhan Financial Group by 1,389.1% in the third quarter. Mather Group LLC. now owns 819 shares of the bank’s stock worth $64,000 after acquiring an additional 764 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Shinhan Financial Group by 19.8% in the third quarter. GAMMA Investing LLC now owns 10,424 shares of the bank’s stock valued at $810,000 after purchasing an additional 1,726 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Shinhan Financial Group by 4.1% in the third quarter. Farther Finance Advisors LLC now owns 5,562 shares of the bank’s stock valued at $432,000 after purchasing an additional 218 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in Shinhan Financial Group by 7.0% in the third quarter. Valeo Financial Advisors LLC now owns 3,600 shares of the bank’s stock valued at $280,000 after purchasing an additional 235 shares during the last quarter. Finally, Plan A Wealth LLC grew its position in shares of Shinhan Financial Group by 1.0% during the third quarter. Plan A Wealth LLC now owns 15,465 shares of the bank’s stock worth $1,201,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shinhan Financial Group Company Profile

Shinhan Financial Group Co, Ltd. is a South Korean financial holding company headquartered in Seoul. Established in 2001, the group operates through subsidiaries that provide a broad range of financial products and services to individuals, businesses and institutional customers.

Its principal businesses include commercial and retail banking through Shinhan Bank; credit card and payment services through Shinhan Card; securities brokerage, investment banking and wealth management through Shinhan Securities; and insurance, consumer finance, leasing and asset-management services through other group affiliates.

Shinhan serves customers primarily in South Korea and maintains an international presence across markets in Asia, North America and other regions.