KB Financial Group Inc. (KB) Sets New 52-Week High at $34.73
KB Financial Group Inc. (NYSE:KB) shares reached a new 52-week high on Monday . The stock 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.
Several research firms have weighed in on KB. Zacks Investment Research upgraded shares of KB Financial Group from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research note on Friday, July 22nd. Citigroup Inc. upgraded shares of KB Financial Group from a “neutral” rating to a “buy” rating in a research note on Thursday, July 21st.
The firm’s 50-day moving average is $30.77 and its 200-day moving average is $28.46. The company has a market cap of $13.13 billion and a PE ratio of 7.64.
An institutional investor recently raised its position in KB Financial Group stock. Morgan Stanley raised its stake in shares of KB Financial Group Inc. (NYSE:KB) by 16.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.
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