Shinhan Financial Group (NYSE:SHG) Lowered to Hold at StockNews.com

Shinhan Financial Group (NYSE:SHG) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Separately, Bank of America upgraded shares of Shinhan Financial Group from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th.

Shinhan Financial Group Stock Down 0.5 %

Shares of NYSE SHG traded down $0.14 during trading on Wednesday, hitting $29.34. 101,592 shares of the company traded hands, compared to its average volume of 146,711. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.01 and a current ratio of 1.02. Shinhan Financial Group has a fifty-two week low of $24.99 and a fifty-two week high of $38.65. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 5.02, a P/E/G ratio of 0.61 and a beta of 0.91. The business’s fifty day moving average is $33.73 and its 200 day moving average is $30.10.

Institutional Investors Weigh In On Shinhan Financial Group

Institutional investors have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its position in Shinhan Financial Group by 2,900.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,050 shares of the bank’s stock worth $28,000 after purchasing an additional 1,015 shares in the last quarter. GAMMA Investing LLC bought a new stake in Shinhan Financial Group in the 4th quarter worth about $29,000. Paradigm Asset Management Co. LLC bought a new stake in Shinhan Financial Group in the 3rd quarter worth about $40,000. Janiczek Wealth Management LLC grew its position in Shinhan Financial Group by 46.7% in the 3rd quarter. Janiczek Wealth Management LLC now owns 1,601 shares of the bank’s stock worth $42,000 after purchasing an additional 510 shares in the last quarter. Finally, Allworth Financial LP grew its position in Shinhan Financial Group by 51.6% in the 3rd quarter. Allworth Financial LP now owns 1,628 shares of the bank’s stock worth $43,000 after purchasing an additional 554 shares in the last quarter. 7.76% of the stock is owned by institutional investors.

About Shinhan Financial Group

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, Life 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.