Shinhan Financial Group Co Ltd (NYSE:SHG - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 325,060 shares were traded during trading, an increase of 67% from the previous session's volume of 194,269 shares.The stock last traded at $51.23 and had previously closed at $49.59.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a research note on Monday, May 19th.
Get Our Latest Stock Analysis on SHG
Shinhan Financial Group Stock Up 3.3%
The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.51. The firm has a market cap of $25.40 billion, a price-to-earnings ratio of 6.67, a price-to-earnings-growth ratio of 0.61 and a beta of 0.92. The stock's 50 day moving average is $42.15 and its 200 day moving average is $36.45.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in SHG. Northern Trust Corp boosted its holdings in Shinhan Financial Group by 249.2% during the fourth quarter. Northern Trust Corp now owns 1,445,120 shares of the bank's stock worth $47,516,000 after buying an additional 1,031,257 shares in the last quarter. Ranmore Fund Management Ltd bought a new stake in Shinhan Financial Group during the first quarter worth approximately $15,687,000. Millennium Management LLC boosted its holdings in Shinhan Financial Group by 152.0% during the first quarter. Millennium Management LLC now owns 582,570 shares of the bank's stock worth $18,689,000 after buying an additional 351,413 shares in the last quarter. Causeway Capital Management LLC boosted its holdings in Shinhan Financial Group by 56.6% during the first quarter. Causeway Capital Management LLC now owns 509,806 shares of the bank's stock worth $16,355,000 after buying an additional 184,167 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new position in Shinhan Financial Group in the 4th quarter worth approximately $5,830,000. Institutional investors and hedge funds own 7.76% of the company's stock.
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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