XTX Topco Ltd bought a new position in Shinhan Financial Group Co Ltd (NYSE:SHG - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 7,067 shares of the bank's stock, valued at approximately $227,000.
A number of other large investors also recently modified their holdings of SHG. Ramirez Asset Management Inc. raised its holdings in Shinhan Financial Group by 11.2% during the first quarter. Ramirez Asset Management Inc. now owns 215,892 shares of the bank's stock worth $6,926,000 after buying an additional 21,727 shares during the last quarter. HB Wealth Management LLC acquired a new stake in shares of Shinhan Financial Group in the 1st quarter worth about $203,000. AMG National Trust Bank lifted its position in Shinhan Financial Group by 68.9% in the 1st quarter. AMG National Trust Bank now owns 51,845 shares of the bank's stock valued at $1,663,000 after acquiring an additional 21,142 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Shinhan Financial Group by 0.4% during the 1st quarter. Pzena Investment Management LLC now owns 1,078,696 shares of the bank's stock valued at $34,605,000 after purchasing an additional 4,645 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in Shinhan Financial Group during the 1st quarter worth approximately $28,000. 7.76% of the stock is currently owned by institutional investors.
Shinhan Financial Group Stock Down 0.2%
Shares of NYSE SHG traded down $0.08 during trading on Friday, hitting $49.86. The stock had a trading volume of 129,879 shares, compared to its average volume of 168,560. The firm has a fifty day moving average of $47.43 and a two-hundred day moving average of $39.11. The company has a market capitalization of $24.21 billion, a PE ratio of 5.00, a PEG ratio of 0.54 and a beta of 0.93. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.04 and a quick ratio of 1.04. Shinhan Financial Group Co Ltd has a 12 month low of $28.76 and a 12 month high of $52.00.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Shinhan Financial Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd.
Read Our Latest Stock Report on SHG
Shinhan Financial Group Company Profile
(
Free Report)
Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.
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