Shinhan Financial Group Co. (NYSE:SHG) gapped down prior to trading on Friday . The stock had previously closed at $33.30, but opened at $33.57. Shinhan Financial Group shares last traded at $34.06, with a volume of 49,905 shares.

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

The firm has a 50 day moving average price of $32.93 and a 200 day moving average price of $33.47. The firm has a market cap of $16.15 billion and a price-to-earnings ratio of 7.64.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.