Shinhan Financial Group Co., Ltd. (NYSE:SHG - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $39.69, but opened at $38.40. Shinhan Financial Group shares last traded at $38.21, with a volume of 17,687 shares trading hands.
Shinhan Financial Group Stock Down 3.7 %
The firm has a market capitalization of $19.46 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 0.64 and a beta of 0.93. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.50. The firm has a 50-day moving average of $41.33 and a two-hundred day moving average of $38.87.
Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its quarterly earnings data on Friday, October 25th. The bank reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.02. The business had revenue of $3.11 billion for the quarter. Shinhan Financial Group had a return on equity of 7.24% and a net margin of 12.21%. On average, equities research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current year.
Institutional Trading of Shinhan Financial Group
Large investors have recently added to or reduced their stakes in the stock. SageView Advisory Group LLC acquired a new stake in Shinhan Financial Group during the 1st quarter valued at $61,000. FSC Wealth Advisors LLC acquired a new stake in shares of Shinhan Financial Group during the third quarter valued at about $76,000. GAMMA Investing LLC increased its position in shares of Shinhan Financial Group by 45.4% during the third quarter. GAMMA Investing LLC now owns 1,988 shares of the bank's stock worth $84,000 after acquiring an additional 621 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Shinhan Financial Group by 42.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,290 shares of the bank's stock worth $81,000 after acquiring an additional 678 shares during the last quarter. Finally, Waldron Private Wealth LLC acquired a new position in shares of Shinhan Financial Group in the third quarter worth about $126,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.
About Shinhan Financial Group
(
Get Free Report)
Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; 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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