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NYSE:SHG

Shinhan Financial Group (SHG) Stock Price, News & Analysis

Shinhan Financial Group logo
$39.66 +0.08 (+0.20%)
(As of 11/21/2024 ET)

About Shinhan Financial Group Stock (NYSE:SHG)

Key Stats

Today's Range
$39.61
$39.86
50-Day Range
$37.82
$44.45
52-Week Range
$27.09
$46.05
Volume
59,319 shs
Average Volume
128,486 shs
Market Capitalization
$20.20 billion
P/E Ratio
6.23
Dividend Yield
3.05%
Price Target
N/A
Consensus Rating
Buy

Company Overview

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. The company also provides corporate banking services, such as investment banking, real estate financing, overseas real estate and development project financing, infrastructure and structured financing, equity/venture investments, mergers and acquisitions consulting; securitization and derivatives services comprising securities and derivative products, and foreign exchange trading; business expansion financing and consulting services; and working capital loans and facilities loans. In addition, it is involved in treasury and investment activities in international capital markets consisting of foreign currency-denominated securities trading, foreign exchange trading and services, trade-related financial services, international factoring services, and foreign banking operations. Further, the company offers real estate trust, investment advisory, venture business investment, life and non-life insurance, trust account management, securities brokerage, and asset management services, as well as leasing and equipment financing, savings banking, loan collection and credit reporting, collective investment administration, private equity investment, and financial system development services. Additionally, it provides transaction history inquiries and fund transfers, opening letters of credit, trade finance, payment and collection management, sales and acquisition settlement, business-to-business settlement, sweeping, pooling, ERP interface, host-to-host banking, SWIFT SCORE, and cash and liquidity management service. Shinhan Financial Group Co., Ltd. was founded in 1982 and is headquartered in Seoul, South Korea.

Shinhan Financial Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
93rd Percentile Overall Score

SHG MarketRank™: 

Shinhan Financial Group scored higher than 93% of companies evaluated by MarketBeat, and ranked 103rd out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Shinhan Financial Group are expected to grow by 12.34% in the coming year, from $6.32 to $7.10 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Shinhan Financial Group is 6.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.60.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Shinhan Financial Group is 6.23, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.79.

  • Price to Earnings Growth Ratio

    Shinhan Financial Group has a PEG Ratio of 0.63. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Shinhan Financial Group has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Shinhan Financial Group's valuation and earnings.
  • Percentage of Shares Shorted

    0.09% of the float of Shinhan Financial Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Shinhan Financial Group has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Shinhan Financial Group has recently decreased by 11.24%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Shinhan Financial Group pays a meaningful dividend of 3.13%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Shinhan Financial Group does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Shinhan Financial Group is 19.00%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Shinhan Financial Group will have a dividend payout ratio of 17.04% next year. This indicates that Shinhan Financial Group will be able to sustain or increase its dividend.

  • Read more about Shinhan Financial Group's dividend.
  • Percentage of Shares Shorted

    0.09% of the float of Shinhan Financial Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Shinhan Financial Group has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Shinhan Financial Group has recently decreased by 11.24%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Shinhan Financial Group has a news sentiment score of 1.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.78 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Shinhan Financial Group this week, compared to 1 article on an average week.
  • MarketBeat Follows

    1 people have added Shinhan Financial Group to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Shinhan Financial Group insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.00% of the stock of Shinhan Financial Group is held by insiders.

  • Percentage Held by Institutions

    Only 7.76% of the stock of Shinhan Financial Group is held by institutions.

  • Read more about Shinhan Financial Group's insider trading history.
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SHG Stock News Headlines

Shinhan Financial Group’s Asset Growth in 2024
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Shinhan Financial Concludes Treasury Share Agreement
Shinhan Financial Group Announces Quarterly Dividend
Shinhan Financial Group Reports Sharp Revenue Decline
Shinhan Financial to Cancel Treasury Shares in 2024
See More Headlines

SHG Stock Analysis - Frequently Asked Questions

Shinhan Financial Group's stock was trading at $30.78 at the beginning of the year. Since then, SHG shares have increased by 28.8% and is now trading at $39.66.
View the best growth stocks for 2024 here
.

Shinhan Financial Group Co., Ltd. (NYSE:SHG) issued its quarterly earnings data on Friday, October, 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.02. The bank had revenue of $3.11 billion for the quarter. Shinhan Financial Group had a trailing twelve-month return on equity of 7.34% and a net margin of 12.21%.

Top institutional investors of Shinhan Financial Group include Pzena Investment Management LLC (0.21%), Connor Clark & Lunn Investment Management Ltd. (0.10%), Wellington Management Group LLP (0.05%) and Sanders Capital LLC (0.04%).

Shares of SHG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Shinhan Financial Group investors own include Deckers Outdoor (DECK), NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Eli Lilly and Company (LLY), Phillips 66 (PSX) and EMCOR Group (EME).

Company Calendar

Last Earnings
10/25/2024
Today
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
4/17/2025

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Banking
Employees
190
Year Founded
1982

Profitability

Net Income
$3.49 billion
Pretax Margin
17.84%

Debt

Sales & Book Value

Annual Sales
$25.42 billion
Cash Flow
$8.60 per share
Book Value
$80.76 per share

Miscellaneous

Free Float
504,299,000
Market Cap
$20.20 billion
Optionable
Optionable
Beta
0.93

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This page (NYSE:SHG) was last updated on 11/21/2024 by MarketBeat.com Staff
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