Shinhan Financial Group (NYSE:SHG) Sets New 12-Month High - What's Next?

Shinhan Financial Group Co Ltd (NYSE:SHG - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as $46.50 and last traded at $46.46, with a volume of 3422 shares. 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 research note on Monday, May 19th.

Shinhan Financial Group Trading Up 1.5%

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 company has a market cap of $22.93 billion, a P/E ratio of 6.02, a PEG ratio of 0.57 and a beta of 0.92. The firm's 50 day moving average is $40.80 and its two-hundred day moving average is $35.92.

Hedge Funds Weigh In On Shinhan Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of SHG. Wayfinding Financial LLC acquired a new position in Shinhan Financial Group in the first quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new position in Shinhan Financial Group in the first quarter valued at $28,000. Tower Research Capital LLC TRC lifted its holdings in 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 buying an additional 2,751 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Shinhan Financial Group in the fourth quarter valued at $125,000. Finally, Bessemer Group Inc. lifted its holdings in Shinhan Financial Group by 14.7% in the first quarter. Bessemer Group Inc. now owns 4,077 shares of the bank's stock valued at $131,000 after buying an additional 522 shares during the period. Institutional investors and hedge funds own 7.76% of the company's stock.

Shinhan Financial Group Company Profile

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.