Shinhan Financial Group Co Ltd (NYSE:SHG - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $51.21 and last traded at $50.40, with a volume of 513029 shares changing hands. The stock had previously closed at $46.36.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Shinhan Financial Group from a "hold" rating to a "buy" rating in a research note on Monday, May 19th.
Read Our Latest Report on Shinhan Financial Group
Shinhan Financial Group Trading Up 1.7%
The company has a 50 day simple moving average of $41.59 and a 200 day simple moving average of $36.20. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $24.91 billion, a PE ratio of 6.54, a P/E/G ratio of 0.61 and a beta of 0.92.
Hedge Funds Weigh In On Shinhan Financial Group
A number of large investors have recently modified their holdings of the business. Ameriprise Financial Inc. raised its stake in shares of Shinhan Financial Group by 4.3% during the 4th quarter. Ameriprise Financial Inc. now owns 8,575 shares of the bank's stock worth $282,000 after buying an additional 351 shares in the last quarter. Aquatic Capital Management LLC grew its holdings in shares of Shinhan Financial Group by 2.8% in the 4th quarter. Aquatic Capital Management LLC now owns 14,471 shares of the bank's stock worth $476,000 after acquiring an additional 392 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Shinhan Financial Group by 8.1% in the 4th quarter. Sterling Capital Management LLC now owns 5,564 shares of the bank's stock worth $183,000 after acquiring an additional 415 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Shinhan Financial Group by 5.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,321 shares of the bank's stock worth $274,000 after acquiring an additional 442 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Shinhan Financial Group by 14.7% in the 1st quarter. Bessemer Group Inc. now owns 4,077 shares of the bank's stock worth $131,000 after acquiring an additional 522 shares during the period. 7.76% of the stock is owned by hedge funds and other institutional investors.
Shinhan Financial Group Company Profile
(
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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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