Shinhan Financial Group (NYSE:SHG) Shares Gap Down – Here’s What Happened

Shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG) gapped down prior to trading on Tuesday . The stock had previously closed at $40.04, but opened at $38.83. Shinhan Financial Group shares last traded at $38.93, with a volume of 20,938 shares traded.

Shinhan Financial Group Stock Performance

The firm’s 50 day simple moving average is $40.85 and its 200 day simple moving average is $39.22. The firm has a market cap of $20.51 billion, a PE ratio of 6.32, a PEG ratio of 0.65 and a beta of 0.93. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53.

Shinhan Financial Group (NYSE:SHG) last posted its earnings results on Friday, October 25th. The bank reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. The company had revenue of $3.11 billion for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. On average, research analysts forecast that Shinhan Financial Group Co., Ltd. will post 6.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Shinhan Financial Group

Several large investors have recently bought and sold shares of SHG. Caprock Group LLC increased its holdings in shares of Shinhan Financial Group by 2.1% in the 2nd quarter. Caprock Group LLC now owns 13,785 shares of the bank’s stock worth $480,000 after buying an additional 286 shares during the last quarter. Profund Advisors LLC grew its position in Shinhan Financial Group by 3.5% in the second quarter. Profund Advisors LLC now owns 9,537 shares of the bank’s stock worth $332,000 after acquiring an additional 323 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Shinhan Financial Group by 6.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,224 shares of the bank’s stock worth $251,000 after acquiring an additional 421 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Shinhan Financial Group by 6.4% during the second quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank’s stock valued at $256,000 after purchasing an additional 445 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its stake in shares of Shinhan Financial Group by 8.1% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 7,338 shares of the bank’s stock valued at $311,000 after purchasing an additional 548 shares during the last quarter. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Company Profile

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.