KB Financial Group (NYSE:KB) Sees Unusually-High Trading Volume – Should You Buy?

KB Financial Group Inc (NYSE:KB) shares saw unusually-high trading volume on Wednesday . Approximately 311,411 shares were traded during trading, an increase of 28% from the previous session’s volume of 243,912 shares.The stock last traded at $99.3850 and had previously closed at $102.58.

Analysts Set New Price Targets

A number of brokerages recently commented on KB. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday. Wall Street Zen lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

KB Financial Group Price Performance

The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.64 and a current ratio of 1.64. The company has a 50-day moving average price of $106.04 and a 200-day moving average price of $100.71. The firm has a market capitalization of $35.47 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 0.61 and a beta of 1.01.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. KB Financial Group had a return on equity of 9.99% and a net margin of 17.36%.The business had revenue of $3.49 billion during the quarter. On average, sell-side analysts predict that KB Financial Group Inc will post 11.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KB. Bell Investment Advisors Inc grew its holdings in KB Financial Group by 29.3% during the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock valued at $48,000 after purchasing an additional 108 shares during the period. Seeds Investor LLC boosted its position in shares of KB Financial Group by 1.8% during the fourth quarter. Seeds Investor LLC now owns 6,606 shares of the bank’s stock worth $568,000 after purchasing an additional 114 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of KB Financial Group by 2.1% in the 4th quarter. HighTower Advisors LLC now owns 5,821 shares of the bank’s stock valued at $501,000 after buying an additional 118 shares during the period. Drive Wealth Management LLC grew its holdings in shares of KB Financial Group by 3.5% in the 4th quarter. Drive Wealth Management LLC now owns 3,515 shares of the bank’s stock valued at $302,000 after buying an additional 120 shares during the period. Finally, First Horizon Corp increased its position in shares of KB Financial Group by 36.2% in the 1st quarter. First Horizon Corp now owns 489 shares of the bank’s stock valued at $49,000 after buying an additional 130 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.