Shinhan Financial Group (NYSE:SHG) Stock Price Up 3.4%

Shinhan Financial Group Co., Ltd. (NYSE:SHG - Get Free Report) rose 3.4% during trading on Friday . The company traded as high as $38.49 and last traded at $38.44. Approximately 31,825 shares were traded during trading, a decline of 75% from the average daily volume of 125,756 shares. The stock had previously closed at $37.18.Analysts Set New Price TargetsSeparately, StockNews.com cut shares of Shinhan Financial Group from a "buy" rating to a "hold" rating in a research report on Thursday, June 6th.Get Our Latest Report on Shinhan Financial GroupShinhan Financial Group Price PerformanceThe company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.49. The stock has a market cap of $19.48 billion, a P/E ratio of 6.13, a PEG ratio of 0.64 and a beta of 0.93. The firm's fifty day moving average price is $34.57 and its 200-day moving average price is $32.87. Shinhan Financial Group (NYSE:SHG - Get Free Report) last issued its earnings results on Thursday, May 16th. The bank reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.35. Shinhan Financial Group had a net margin of 12.76% and a return on equity of 7.23%. The firm had revenue of $3.09 billion for the quarter. Analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.21 earnings per share for the current year. Institutional Inflows and OutflowsInstitutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Shinhan Financial Group in the fourth quarter worth approximately $29,000. Allspring Global Investments Holdings LLC lifted its stake in Shinhan Financial Group by 27.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,612 shares of the bank's stock worth $50,000 after acquiring an additional 349 shares during the period. SageView Advisory Group LLC purchased a new stake in Shinhan Financial Group in the first quarter worth $61,000. Janiczek Wealth Management LLC lifted its stake in Shinhan Financial Group by 44.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 2,305 shares of the bank's stock worth $71,000 after acquiring an additional 704 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in Shinhan Financial Group by 19.7% in the fourth quarter. Lindbrook Capital LLC now owns 4,657 shares of the bank's stock worth $143,000 after acquiring an additional 767 shares during the period. Institutional investors own 7.76% of the company's stock. 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.Featured ArticlesFive stocks we like better than Shinhan Financial GroupHow to buy stock: A step-by-step guide for beginners Constellation Brands Stock Q1 2025: Crushing Anheuser-Busch?What Do S&P 500 Stocks Tell Investors About the Market? Qualcomm Stock Continues to Rise in the Face of Negative NewsHow to Know Which Cryptocurrency to Buy: A Guide for InvestorsTop 3 Summer Stocks with Solid Growth OpportunitiesThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ New Government Policy to Wipe Out Seniors Wealth (From Oasis Gold) (Ad)Should you invest $1,000 in Shinhan Financial Group right now?Before you consider Shinhan Financial Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shinhan Financial Group wasn't on the list.While Shinhan Financial Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here