Aperio Group LLC recently announced the acquisition of new stake in Shinhan Financial Group Co. Ltd. (NYSE:SHG). The institutional investor has increased its shareholding in the Financial company by 11.30% to 1.77 million shares with purchase of 0.18 million shares. This fresh investment now brings its stake to 0.35% valued currently at $49.41 million. In addition, Dimensional Fund Advisors LP raised its holdings by 9891.0 to 1.64 million shares. And Parametric Portfolio Associates L has lifted its position by 6.08% or 72149.0 shares – to 1.26 million shares.
With over 73416.0 Shinhan Financial Group Co. Ltd. (SHG) shares trading Tuesday and a closing price of $35.27 on the day, the dollar volume was approximately $2.59 million. The shares have shown a positive half year performance of 28.77% and its price on 01/24/23 lost nearly -0.25%. Currently, there are 530.41M common shares owned by the public and among those 424.28M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for SHG have a consensus price objective of $35.63. The analysts have set the share’s price value over the next 12 months at a high of $54.08 and a low of $25.12. The average price target is -16.44% below its recent price level and a downside to the estimated low will see the stock lose -40.41% over that period. But an upside of 34.78% will see the stock hit the forecast high price target while median target price for the stock is $34.89.
The top 3 mutual fund holders in Shinhan Financial Group Co. Ltd. are DFA Dimensional Emerging Markets, Vanguard FTSE All World, and St. James’s Place Unit Trust – Gl. DFA Dimensional Emerging Markets owns 1.01 million shares of the company’s stock, all valued at over $28.3 million. St. James’s Place Unit Trust – Gl now owns shares totaling to 0.09% of the shares outstanding.
Shares of Shinhan Financial Group Co. Ltd. (NYSE: SHG) opened at $35.11, down -$0.25 from a prior closing price of $35.36. However, the script later moved the day high at 35.29, down -0.25%. The company’s stock has a 5-day price change of 0.86% and 37.29% over the past three months. SHG shares are trading 26.28% year to date (YTD), with the 12-month market performance up to 7.89% higher. It has a 12-month low price of $22.98 and touched a high of $35.46 over the same period. SHG has an average intraday trading volume of 137.27K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.13%, 19.44%, and 22.42% respectively.
Institutional ownership of Shinhan Financial Group Co. Ltd. (NYSE: SHG) shares accounts for 2.70% of the company’s 530.41M shares outstanding. Mutual fund holders own 0.70%, while other institutional holders and individual stakeholders account for 2.07% and — respectively.
It has a market capitalization of $17.54B and a beta (3y monthly) value of 0.84. The stock’s trailing 12-month PE ratio is 4.99, while the earnings-per-share (ttm) stands at $7.06. The company has a debt-to-equity ratio at 2.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.05% over the week and 1.24% over the month.
Analysts forecast that Shinhan Financial Group Co. Ltd. (SHG) will achieve an EPS of $1.22 for the current quarter, $1.84 for the next quarter and $6.88 for 2023. The lowest estimate earnings-per-share for the quarter is $1.22 while analysts give the company a high EPS estimate of $1.22. Earnings per share for the fiscal year are expected to increase by 9.80%, and 3.00% over the next financial year. EPS should shrink at an annualized rate of -7.40% over the next five years, compared to 5.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Shinhan Financial Group Co. Ltd. (SHG) as a “Strong Buy” at a consensus score of 1.00. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 3 of the 19 advise that investors “hold,” and 0 rated it as a “Sell.”
BofA/Merrill on their part issued Underperform rating on May 28, 2019.