Shinhan Financial Group Co. (NYSE:SHG) shares gapped up before the market opened on Monday . The stock had previously closed at $35.30, but opened at $35.69. Shinhan Financial Group shares last traded at $36.17, with a volume of 44,458 shares changing hands.

Separately, Zacks Investment Research downgraded 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 $33.31 and a 200-day moving average price of $33.66. The stock has a market cap of $17.13 billion and a PE ratio of 7.92.

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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