Shinhan Financial Group Co., Ltd. (NYSE:SHG - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The company traded as low as $28.76 and last traded at $29.03, with a volume of 399063 shares traded. The stock had previously closed at $30.73.
Shinhan Financial Group Price Performance
The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $16.35 billion, a PE ratio of 5.10, a P/E/G ratio of 0.44 and a beta of 0.85. The company's 50-day simple moving average is $32.55 and its 200-day simple moving average is $35.91.
Shinhan Financial Group (NYSE:SHG - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The firm had revenue of $2.82 billion for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. As a group, sell-side analysts anticipate that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current year.
Institutional Investors Weigh In On Shinhan Financial Group
Several large investors have recently modified their holdings of SHG. Northern Trust Corp increased its stake in Shinhan Financial Group by 249.2% in the 4th quarter. Northern Trust Corp now owns 1,445,120 shares of the bank's stock valued at $47,516,000 after buying an additional 1,031,257 shares during the period. Millennium Management LLC acquired a new stake in shares of Shinhan Financial Group in the 4th quarter worth $7,600,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Shinhan Financial Group in the fourth quarter valued at about $5,830,000. Renaissance Technologies LLC increased its stake in shares of Shinhan Financial Group by 606.8% during the fourth quarter. Renaissance Technologies LLC now owns 177,400 shares of the bank's stock worth $5,833,000 after acquiring an additional 152,300 shares during the period. Finally, Voloridge Investment Management LLC purchased a new position in Shinhan Financial Group during the fourth quarter worth about $2,991,000. Hedge funds and other institutional investors 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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