KB Financial Group (NYSE:KB) Hits New 1-Year High - Time to Buy?

KB Financial Group Inc (NYSE:KB - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $89.45 and last traded at $88.38, with a volume of 46499 shares traded. The stock had previously closed at $83.45.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded KB Financial Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st.

KB Financial Group Stock Performance

The stock has a market capitalization of $32.25 billion, a P/E ratio of 8.20, a P/E/G ratio of 0.63 and a beta of 1.06. The stock has a 50 day moving average of $74.95 and a 200 day moving average of $63.27. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.68 and a current ratio of 1.68.

KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 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 return on equity of 9.76% and a net margin of 16.03%. Equities analysts predict 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 and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its position in shares of KB Financial Group by 5.6% in the fourth quarter. Bank of New York Mellon Corp now owns 13,106 shares of the bank's stock valued at $746,000 after acquiring an additional 694 shares during the period. Victory Capital Management Inc. bought a new position in shares of KB Financial Group during the 4th quarter valued at about $698,000. Raymond James Financial Inc. bought a new position in shares of KB Financial Group during the 4th quarter valued at about $7,301,000. Candriam S.C.A. lifted its stake in KB Financial Group by 1.9% in the 4th quarter. Candriam S.C.A. now owns 10,679 shares of the bank's stock valued at $608,000 after acquiring an additional 200 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of KB Financial Group during the 4th quarter worth approximately $933,000. Hedge funds and other institutional investors own 11.52% of the company's stock.

About KB Financial Group

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.