Shinhan Financial Group Co. Ltd. ADR (NYSE: SHG) is 30.80% higher on its value in year-to-date trading and has touched a low of $27.09 and a high of $46.05 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 $39.31 in the last trading session, with the day’s gains setting it 0.95%.
Currently trading at $40.26, the stock is 1.91% and -1.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing 2.42% at the moment leaves the stock 7.20% off its SMA200. SHG registered 41.16% gain for a year compared to 6-month gain of 18.52%. The firm has a 50-day simple moving average (SMA 50) of $40.9054 and a 200-day simple moving average (SMA200) of $37.517.
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The stock witnessed a -1.47% loss in the last 1 month and extending the period to 3 months gives it a -6.87%, and is 1.72% up 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 1.27% over the week and 1.24% over the month.
Current P/E ratio is 6.24 and Fwd P/E is 5.51. Profit margin for the company is 11.30%. Distance from 52-week low is 48.62% and -12.57% from its 52-week high. The company has generated returns on investments over the last 12 months (2.35%).
The EPS is expected to grow by 8.83% this year
The shares outstanding are 512.75M, and float is at 497.32M with Short Float at 0.06%.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.78 million shares valued at $61.79 million. The investor’s holdings represent 0.347 of the SHG Shares outstanding. As of 2024-06-30, the second largest holder is DIMENSIONAL FUND ADVISORS LP with 1.57 million shares valued at $54.57 million to account for 0.3064 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 1.55 million shares representing 0.3028 and valued at over $53.93 million, while LAZARD ASSET MANAGEMENT LLC holds 0.252 of the shares totaling 1.29 million with a market value of $44.87 million.
