Shares of Shinhan Financial Group Co. (NYSE:SHG) gapped up prior to trading on Tuesday . The stock had previously closed at $32.41, but opened at $32.67. Shinhan Financial Group shares last traded at $33.28, with a volume of 32,637 shares traded.

Separately, Zacks Investment Research downgraded Shinhan Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, April 22nd.

The firm’s 50-day moving average is $32.93 and its 200 day moving average is $33.48. The company has a market capitalization of $15.82 billion and a P/E ratio of 7.49.

Shinhan Financial Group Co, Ltd. is a financial holding company. The Company operates through eight segments: retail banking, corporate and investment banking, international banking, other banking services, credit card services, securities brokerage services, life insurance services and other. The Company’s deposit products consist of demand deposits, savings deposits, time deposits, certificates of deposit, housing subscription time deposits and housing subscription installment savings deposits.

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