Free Trial

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

KB Financial Group logo with Finance background

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.

Get Our Latest Stock Report on KB Financial Group

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

(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.

Further Reading

Should You Invest $1,000 in KB Financial Group Right Now?

Before you consider KB Financial Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KB Financial Group wasn't on the list.

While KB Financial Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines