ValuEngine upgraded shares of Shinhan Financial Group (NYSE:SHG) from a strong sell rating to a sell rating in a research report sent to investors on Saturday.

Other analysts have also issued research reports about the company. Bank of America upgraded Shinhan Financial Group from a neutral rating to a buy rating in a report on Thursday, August 30th. Zacks Investment Research lowered Shinhan Financial Group from a buy rating to a hold rating in a research note on Thursday, June 21st.

SHG opened at $39.08 on Friday. Shinhan Financial Group has a 52-week low of $36.35 and a 52-week high of $50.37. The stock has a market cap of $18.62 billion, a P/E ratio of 3.39, a P/E/G ratio of 1.59 and a beta of 1.11. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.07 and a current ratio of 1.07.

Shinhan Financial Group (NYSE:SHG) last released its earnings results on Tuesday, August 14th. The bank reported $3.66 earnings per share (EPS) for the quarter. Shinhan Financial Group had a return on equity of 8.45% and a net margin of 17.31%. The business had revenue of $2.33 billion for the quarter. equities research analysts predict that Shinhan Financial Group will post 5.68 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in Shinhan Financial Group by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,725,488 shares of the bank’s stock valued at $115,561,000 after buying an additional 12,219 shares during the period. Northern Trust Corp raised its stake in Shinhan Financial Group by 5.0% in the second quarter. Northern Trust Corp now owns 1,438,314 shares of the bank’s stock valued at $55,347,000 after buying an additional 68,827 shares during the period. BlackRock Inc. raised its stake in Shinhan Financial Group by 16.2% in the first quarter. BlackRock Inc. now owns 504,015 shares of the bank’s stock valued at $21,372,000 after buying an additional 70,434 shares during the period. Aperio Group LLC raised its stake in Shinhan Financial Group by 9.2% in the second quarter. Aperio Group LLC now owns 472,557 shares of the bank’s stock valued at $18,184,000 after buying an additional 39,801 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Shinhan Financial Group by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 433,643 shares of the bank’s stock valued at $16,687,000 after buying an additional 26,956 shares during the period. Hedge funds and other institutional investors own 2.49% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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