KB Financial Group (NYSE:KB) Sets New 1-Year High – What’s Next?

Shares of KB Financial Group Inc (NYSE:KB) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $119.71 and last traded at $118.27, with a volume of 277374 shares. The stock had previously closed at $116.33.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, KB Financial Group currently has an average rating of “Moderate Buy”.

KB Financial Group Price Performance

The firm has a fifty day moving average of $97.24 and a 200 day moving average of $87.89. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $41.01 billion, a P/E ratio of 10.38, a P/E/G ratio of 0.70 and a beta of 1.11.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Saturday, January 31st. The bank reported $1.43 EPS for the quarter. KB Financial Group had a net margin of 16.96% and a return on equity of 9.79%. On average, equities research analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current year.

Hedge Funds Weigh In On KB Financial Group

Several institutional investors have recently made changes to their positions in KB. M&T Bank Corp bought a new position in KB Financial Group during the 4th quarter worth about $36,964,000. Invesco Ltd. increased 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 valued at $12,631,000 after buying an additional 127,823 shares during the period. American Century Companies Inc. raised its stake in KB Financial Group by 18.3% in the second 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 in the last quarter. Capital International Investors lifted its holdings in KB Financial Group by 12.7% during the third quarter. Capital International Investors now owns 757,168 shares of the bank’s stock worth $62,735,000 after buying an additional 85,231 shares during the period. Finally, Laird Norton Wetherby Trust Company LLC bought a new stake in KB Financial Group during the 4th quarter valued at $6,640,000. Hedge funds and other 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.