Shares of KB Financial Group Inc (NYSE:KB - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $89.45 and last traded at $88.38, with a volume of 46499 shares. The stock had previously closed at $83.45.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of KB Financial Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st.
Check Out Our Latest Report on KB Financial Group
KB Financial Group Price Performance
The stock's 50-day moving average is $75.38 and its 200-day moving average is $63.42. The firm has a market cap of $32.57 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 0.67 and a beta of 1.06. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40.
KB Financial Group (NYSE:KB - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.02). The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.45 billion. KB Financial Group had a net margin of 16.03% and a return on equity of 9.76%. As a group, equities analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.
Institutional Investors Weigh In On KB Financial Group
Institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp lifted its position in KB Financial Group by 310.0% during the 4th quarter. Northern Trust Corp now owns 912,529 shares of the bank's stock worth $51,923,000 after buying an additional 689,979 shares in the last quarter. Ranmore Fund Management Ltd acquired a new stake in shares of KB Financial Group in the 1st quarter valued at approximately $12,746,000. Raymond James Financial Inc. acquired a new stake in shares of KB Financial Group in the 4th quarter valued at approximately $7,301,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of KB Financial Group in the 4th quarter valued at approximately $5,489,000. Finally, Mirabella Financial Services LLP acquired a new stake in shares of KB Financial Group in the 4th quarter valued at approximately $5,000,000. Institutional investors own 11.52% of the company's stock.
KB Financial Group Company Profile
(
Get Free Report)
KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.
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