Shinhan Financial Group (NYSE:SHG) Shares Gap Down - Time to Sell?

Shinhan Financial Group Co., Ltd. (NYSE:SHG - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $32.19, but opened at $31.36. Shinhan Financial Group shares last traded at $31.44, with a volume of 51,713 shares changing hands.Shinhan Financial Group Stock Down 2.4 %The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The company's 50 day simple moving average is $33.94 and its 200-day simple moving average is $38.02. The firm has a market cap of $15.82 billion, a P/E ratio of 4.93, a PEG ratio of 0.44 and a beta of 0.94. Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The company had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. Research analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current fiscal year. Institutional Investors Weigh In On Shinhan Financial GroupInstitutional investors have recently bought and sold shares of the business. Sierra Ocean LLC bought a new position in shares of Shinhan Financial Group in the fourth quarter worth about $43,000. R Squared Ltd purchased a new stake in shares of Shinhan Financial Group during the 4th quarter valued at about $76,000. Tower Research Capital LLC TRC lifted its holdings in shares of Shinhan Financial Group by 1,884.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank's stock valued at $95,000 after acquiring an additional 2,751 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Shinhan Financial Group during the 4th quarter valued at approximately $125,000. Finally, Verition Fund Management LLC bought a new position in Shinhan Financial Group during the third quarter valued at $202,000. Hedge funds and other 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.Further ReadingFive stocks we like better than Shinhan Financial GroupUsing the MarketBeat Dividend Tax CalculatorThese 3 Iconic Brands Just Announced Bigger Dividend PayoutsWhat Are Earnings Reports?Zscaler: Bullish Pressure Builds, Rapid Price Increase ExpectedHow to find penny stocks to invest and trade 4 EV Stocks Facing Uncertainty—Which Ones Will Survive?This 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.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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here