Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a one year consensus target price of $56.00 for the company, according to Zacks. Zacks has also assigned Shinhan Financial Group an industry rank of 221 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered shares of Shinhan Financial Group from a “hold” rating to a “sell” rating in a report on Friday, April 12th.
Hedge funds and other institutional investors have recently modified their holdings of the business. Legacy Financial Advisors Inc. raised its holdings in Shinhan Financial Group by 2,296.2% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,246 shares of the bank’s stock worth $44,000 after purchasing an additional 1,194 shares in the last quarter. Nordea Investment Management AB bought a new position in Shinhan Financial Group in the 4th quarter worth $47,000. Lindbrook Capital LLC bought a new position in Shinhan Financial Group in the 4th quarter worth $59,000. Quantamental Technologies LLC bought a new position in Shinhan Financial Group in the 4th quarter worth $75,000. Finally, Glenmede Trust Co. NA bought a new position in Shinhan Financial Group in the 3rd quarter worth $111,000. Institutional investors and hedge funds own 2.44% 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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