Shinhan Financial Group (NYSE:SHG - Get Free Report) was upgraded by
Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.
Shinhan Financial Group Trading Down 3.1%
SHG opened at $47.17 on Friday. The company's 50 day moving average price is $45.78 and its two-hundred day moving average price is $38.07. The firm has a market capitalization of $22.90 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 0.52 and a beta of 0.92. Shinhan Financial Group has a fifty-two week low of $28.76 and a fifty-two week high of $52.00. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.04 and a quick ratio of 1.04.
Hedge Funds Weigh In On Shinhan Financial Group
A number of hedge funds have recently made changes to their positions in SHG. Wayfinding Financial LLC bought a new stake in Shinhan Financial Group in the first quarter valued at approximately $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Shinhan Financial Group in the 1st quarter worth approximately $28,000. Farther Finance Advisors LLC boosted its stake in shares of Shinhan Financial Group by 240.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,908 shares of the bank's stock valued at $86,000 after purchasing an additional 1,348 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Shinhan Financial Group by 1,884.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank's stock valued at $95,000 after purchasing an additional 2,751 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Shinhan Financial Group during the fourth quarter worth $125,000. 7.76% of the stock is currently owned by institutional investors.
Shinhan Financial Group Company Profile
(
Get 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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