NEW YORK ( TheStreet) -- Shinhan Financial Group (NYSE: SHG) hit a new 52-week high Friday as it is currently trading at $97.72, above its previous 52-week high of $96.75 with 9,658 shares traded as of 9:37 a.m. ET. Average volume has been 48,000 shares over the past 30 days. Shinhan Financial Group has a market cap of $21.9 billion and is part of the financial sector and banking industry. Shares are down 0.2% year to date as of the close of trading on Thursday. Shinhan Financial Group Co., Ltd., together with its subsidiaries, provides financial products and services to corporations, governments, institutions, and individuals in Korea and internationally. The company has a P/E ratio of 46.8, above the average banking industry P/E ratio of 11.7 and above the S&P 500 P/E ratio of 17.
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TheStreet Ratings rates Shinhan Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. You can view the full Shinhan Financial Group Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.