Shares of Shinhan Financial Group Co Ltd (NYSE:SHG) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Analysts have set a 1 year consensus target price of $52.00 for the company, according to Zacks. Zacks has also given Shinhan Financial Group Co an industry rank of 100 out of 265 based on the ratings given to related companies.

SHG has been the topic of a number of analyst reports. HSBC Holdings plc upgraded shares of Shinhan Financial Group Co from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Shinhan Financial Group Co from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Saturday, July 22nd.

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Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Shinhan Financial Group Co by 48.3% in the second quarter. BNP Paribas Arbitrage SA now owns 3,493 shares of the bank’s stock worth $152,000 after acquiring an additional 1,137 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Shinhan Financial Group Co by 12.5% in the second quarter. US Bancorp DE now owns 4,408 shares of the bank’s stock worth $191,000 after acquiring an additional 489 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Shinhan Financial Group Co in the first quarter worth about $201,000. KCG Holdings Inc. bought a new position in shares of Shinhan Financial Group Co in the first quarter worth about $215,000. Finally, Airain ltd lifted its holdings in shares of Shinhan Financial Group Co by 8.8% in the second quarter. Airain ltd now owns 5,831 shares of the bank’s stock worth $254,000 after acquiring an additional 474 shares during the last quarter. 2.32% of the stock is owned by hedge funds and other institutional investors.

Shinhan Financial Group Co (SHG) traded up $0.40 during midday trading on Friday, hitting $45.64. The stock had a trading volume of 42,056 shares, compared to its average volume of 78,761. The stock has a market cap of $21,538.12, a P/E ratio of 3.89, a P/E/G ratio of 1.47 and a beta of 1.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.46.

About Shinhan Financial Group Co

Shinhan Financial Group Co, Ltd. (SFG) is a financial holding company. The Company operates through five segments: commercial banking services, which are provided by Shinhan Bank Co, Ltd. (Shinhan Bank); credit card services, which are provided by Shinhan Card Co, Ltd. (Shinhan Card); securities brokerage services, which are provided by Shinhan Investment Corp.

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