Shinhan Financial Group Co. Ltd. ADR (NYSE: SHG) is 15.30% higher on its value in year-to-date trading and has touched a low of $24.99 and a high of $38.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SHG stock was last observed hovering at around $35.39 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $35.49, the stock is -0.34% and 7.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 0.28% at the moment leaves the stock 23.82% off its SMA200. SHG registered 29.34% gain for a year compared to 6-month gain of 34.64%.
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The stock witnessed a 10.91% loss in the last 1 month and extending the period to 3 months gives it a 17.36%, and is -5.66% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.21% over the week and 1.37% over the month.
Current P/E ratio is 5.76 and Fwd P/E is 4.83. Profit margin for the company is 11.26%. Distance from 52-week low is 42.02% and -8.18% from its 52-week high. The company has generated returns on investments over the last 12 months (3.62%).
Shinhan Financial Group Co. Ltd. ADR quarterly earnings per share for the current quarter are estimated at $1.84.The EPS is expected to grow by 7.49% this year
206 institutions hold shares in Shinhan Financial Group Co. Ltd. ADR (SHG), with institutional investors hold 2.93% of the company’s shares. The shares outstanding are 512.75M, and float is at 512.74M with Short Float at 0.04%. Institutions hold 2.93% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 2.01 million shares valued at $52.46 million. The investor’s holdings represent 0.39% of the SHG Shares outstanding. As of Jun 29, 2023, the second largest holder is Lazard Asset Management LLC with 1.91 million shares valued at $49.9 million to account for 0.37% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 1.64 million shares representing 0.32% and valued at over $42.75 million, while Morgan Stanley holds 0.32% of the shares totaling 1.66 million with a market value of $43.26 million.
