Shinhan Financial Group Co., Ltd. (NYSE:SHG) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokers have set a 12 month consensus target price of $52.00 for the company, according to Zacks. Zacks has also assigned Shinhan Financial Group Co. an industry rank of 188 out of 265 based on the ratings given to related companies.

SHG has been the subject of several research analyst reports. raised Shinhan Financial Group Co. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded Shinhan Financial Group Co. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 21st.

Several hedge funds have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. acquired a new position in shares of Shinhan Financial Group Co. during the 3rd quarter worth approximately $9,697,000. Dimensional Fund Advisors LP increased its position in shares of Shinhan Financial Group Co. by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,696,515 shares of the bank’s stock worth $119,448,000 after purchasing an additional 32,845 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Shinhan Financial Group Co. by 10.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 340,728 shares of the bank’s stock worth $15,095,000 after purchasing an additional 31,396 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Shinhan Financial Group Co. by 6.7% during the third quarter. Wells Fargo & Company MN now owns 115,589 shares of the bank’s stock worth $5,121,000 after purchasing an additional 7,291 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Shinhan Financial Group Co. by 21.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 54,931 shares of the bank’s stock worth $2,433,000 after purchasing an additional 9,818 shares in the last quarter. 2.30% of the stock is owned by institutional investors and hedge funds.

Shares of Shinhan Financial Group Co. (NYSE SHG) traded down $0.03 during mid-day trading on Friday, hitting $44.23. The stock had a trading volume of 29,466 shares, compared to its average volume of 81,288. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm has a market cap of $20,988.05, a P/E ratio of 3.79, a price-to-earnings-growth ratio of 1.44 and a beta of 1.09. Shinhan Financial Group Co. has a twelve month low of $36.69 and a twelve month high of $48.98.

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About Shinhan Financial Group Co.

Shinhan Financial Group Co, Ltd. (SFG) is a financial holding company. The Company operates through five segments: commercial banking services, which are provided by Shinhan Bank Co, Ltd. (Shinhan Bank); credit card services, which are provided by Shinhan Card Co, Ltd. (Shinhan Card); securities brokerage services, which are provided by Shinhan Investment Corp.

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