KB Financial Group (NYSE:KB) Sets New 52-Week High - Here's Why

KB Financial Group Inc (NYSE:KB - Get Free Report)'s share price reached 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 trading hands. The stock had previously closed at $83.45.

Analysts Set New Price Targets

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.

KB Financial Group Stock Down 1.1%

The business's fifty day moving average price is $75.86 and its 200 day moving average price is $63.60. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $32.21 billion, a PE ratio of 8.19, a PEG ratio of 0.64 and a beta of 1.06.

KB Financial Group (NYSE:KB - Get Free Report) last posted 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 firm had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $4.45 billion. KB Financial Group had a return on equity of 9.76% and a net margin of 16.03%. On average, equities research analysts forecast that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of KB Financial Group by 8.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,348 shares of the bank's stock worth $1,426,000 after purchasing an additional 2,135 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of KB Financial Group by 9.2% during the 1st quarter. QRG Capital Management Inc. now owns 13,395 shares of the bank's stock valued at $725,000 after buying an additional 1,126 shares during the period. Perigon Wealth Management LLC purchased a new stake in KB Financial Group during the 1st quarter worth $214,000. Deutsche Bank AG purchased a new stake in KB Financial Group during the 4th quarter worth $1,149,000. Finally, SG Americas Securities LLC boosted its position in KB Financial Group by 152.1% in the 1st quarter. SG Americas Securities LLC now owns 37,913 shares of the bank's stock valued at $2,051,000 after buying an additional 22,876 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Company Profile

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.