Shinhan Financial Group Co. (NYSE:SHG) shares gapped up prior to trading on Friday . The stock had previously closed at $34.21, but opened at $34.34. Shinhan Financial Group shares last traded at $34.63, with a volume of 17,349 shares.

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

The firm has a market capitalization of $16.47 billion and a price-to-earnings ratio of 7.62. The firm has a 50-day moving average of $33.07 and a 200-day moving average of $33.49.

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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