KB Financial Group (NYSE:KB) Hits New 52-Week High - Here's What Happened

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

Analysts Set New Price Targets

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

KB Financial Group Stock Performance

The firm's 50-day moving average price is $76.24 and its 200-day moving average price is $63.77. The stock has a market cap of $32.28 billion, a P/E ratio of 8.21, a PEG ratio of 0.65 and a beta of 1.06. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.68 and a quick ratio of 1.68.

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 for the quarter, missing the consensus estimate of $3.04 by ($0.02). KB Financial Group had a return on equity of 9.76% and a net margin of 16.03%. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.45 billion. Sell-side analysts expect that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bruce G. Allen Investments LLC boosted its stake in shares of KB Financial Group by 141.8% during the first quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock valued at $50,000 after purchasing an additional 543 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of KB Financial Group by 659.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock valued at $137,000 after purchasing an additional 2,097 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of KB Financial Group by 215.2% during the second quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank's stock valued at $176,000 after purchasing an additional 1,457 shares during the period. Cresset Asset Management LLC purchased a new stake in shares of KB Financial Group during the first quarter valued at $207,000. Finally, Cetera Investment Advisers boosted its stake in shares of KB Financial Group by 7.4% during the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock valued at $214,000 after purchasing an additional 258 shares during the period. 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.