KB Financial Group Inc. (KB) Reaches New 1-Year High at $34.73
KB Financial Group Inc. (NYSE:KB) reached a new 52-week high on Monday . The company traded as high as $34.73 and last traded at $34.57, with a volume of 22,444 shares trading hands. The stock had previously closed at $34.17.
KB has been the subject of a number of recent analyst reports. Citigroup Inc. raised shares of KB Financial Group from a “neutral” rating to a “buy” rating in a report on Thursday, July 21st. Zacks Investment Research raised shares of KB Financial Group from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a report on Friday, July 22nd.
The stock has a market capitalization of $13.23 billion and a price-to-earnings ratio of 7.83. The firm’s 50 day moving average price is $30.37 and its 200-day moving average price is $28.27.
An institutional investor recently raised its position in KB Financial Group stock. Morgan Stanley increased its position in shares of KB Financial Group Inc. (NYSE:KB) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,088 shares of the company’s stock after buying an additional 5,882 shares during the period. Morgan Stanley’s holdings in KB Financial Group were worth $1,146,000 as of its most recent SEC filing.
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