Shinhan Financial Group Co Ltd (NYSE:SHG - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $51.48 and last traded at $51.23, with a volume of 702491 shares traded. The stock had previously closed at $49.59.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Shinhan Financial Group from a "hold" rating to a "buy" rating in a research report on Monday, May 19th.
Read Our Latest Stock Analysis on SHG
Shinhan Financial Group Stock Performance
The firm has a market capitalization of $24.37 billion, a price-to-earnings ratio of 6.40, a PEG ratio of 0.61 and a beta of 0.92. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50 day moving average price of $43.26 and a 200-day moving average price of $36.88.
Institutional Trading of Shinhan Financial Group
Hedge funds have recently modified their holdings of the stock. Wayfinding Financial LLC acquired a new stake in shares of Shinhan Financial Group in the first quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Shinhan Financial Group in the first quarter valued at $28,000. Farther Finance Advisors LLC raised its stake in shares of Shinhan Financial Group by 240.7% in the second quarter. Farther Finance Advisors LLC now owns 1,908 shares of the bank's stock valued at $86,000 after acquiring an additional 1,348 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Shinhan Financial Group by 1,884.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank's stock valued at $95,000 after acquiring an additional 2,751 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Shinhan Financial Group in the fourth quarter valued at $125,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.
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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