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

Shinhan Financial Group logo with Finance background

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.

Read Our Latest Stock Report on SHG

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

(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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