KB Financial Group (NYSE:KB) Reaches New 1-Year High – Here’s What Happened

KB Financial Group Inc (NYSE:KB)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $93.50 and last traded at $93.3470, with a volume of 9268 shares trading hands. The stock had previously closed at $90.09.

Wall Street Analyst Weigh In

Several research firms have weighed in on KB. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a report on Monday, December 29th. Zacks Research downgraded KB Financial Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 18th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, KB Financial Group currently has an average rating of “Hold”.

KB Financial Group Stock Up 4.2%

The firm has a market capitalization of $35.82 billion, a P/E ratio of 8.86, a PEG ratio of 0.67 and a beta of 1.12. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.65 and a current ratio of 1.65. The firm’s 50-day moving average is $86.41 and its 200 day moving average is $83.56.

Institutional Trading of KB Financial Group

Institutional investors have recently made changes to their positions in the business. Invesco Ltd. boosted its holdings in KB Financial Group by 508.9% during the second quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock worth $12,631,000 after purchasing an additional 127,823 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of KB Financial Group by 18.3% during the 2nd quarter. American Century Companies Inc. now owns 751,168 shares of the bank’s stock worth $62,039,000 after buying an additional 116,293 shares during the last quarter. Capital International Investors grew its holdings in shares of KB Financial Group by 12.7% in the 3rd quarter. Capital International Investors now owns 757,168 shares of the bank’s stock valued at $62,735,000 after acquiring an additional 85,231 shares in the last quarter. Two Sigma Investments LP increased its position in shares of KB Financial Group by 82.0% in the third quarter. Two Sigma Investments LP now owns 171,025 shares of the bank’s stock valued at $14,180,000 after acquiring an additional 77,048 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in KB Financial Group by 9.1% during the second quarter. Bank of America Corp DE now owns 845,567 shares of the bank’s stock worth $69,835,000 after acquiring an additional 70,865 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.