Shinhan Financial Group Co Ltd (NYSE:SHG - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $46.50 and last traded at $46.46, with a volume of 3422 shares trading hands. The stock had previously closed at $45.56.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a report on Monday, May 19th.
Get Our Latest Report on SHG
Shinhan Financial Group Stock Up 1.5%
The company's 50 day moving average price is $40.56 and its two-hundred day moving average price is $35.81. 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 firm has a market cap of $22.93 billion, a PE ratio of 6.02, a PEG ratio of 0.56 and a beta of 0.92.
Hedge Funds Weigh In On Shinhan Financial Group
Institutional investors and hedge funds have recently bought and sold shares of the stock. Wayfinding Financial LLC purchased a new stake in Shinhan Financial Group in the first quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new stake in Shinhan Financial Group in the 1st quarter worth approximately $28,000. Tower Research Capital LLC TRC raised its stake in Shinhan Financial Group by 1,884.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,897 shares of the bank's stock worth $95,000 after acquiring an additional 2,751 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Shinhan Financial Group during the fourth quarter valued at approximately $125,000. Finally, Bessemer Group Inc. boosted its position in shares of Shinhan Financial Group by 14.7% in the first quarter. Bessemer Group Inc. now owns 4,077 shares of the bank's stock worth $131,000 after purchasing an additional 522 shares during the period. 7.76% of the stock is currently owned by hedge funds and other 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.
Featured Stories
Before you consider Shinhan Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shinhan Financial Group wasn't on the list.
While Shinhan Financial Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.