KB Financial Group Inc. (NYSE:KB - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $80.33 and last traded at $80.11, with a volume of 389732 shares changing hands. The stock had previously closed at $73.33.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded KB Financial Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st.
Check Out Our Latest Report on KB Financial Group
KB Financial Group Stock Performance
The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $30.69 billion, a P/E ratio of 9.09, a P/E/G ratio of 0.52 and a beta of 0.98. The company's 50 day moving average is $62.29 and its 200 day moving average is $60.47.
KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings data 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 net margin of 12.33% and a return on equity of 7.71%. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $4.45 billion. As a group, equities analysts predict that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.
Institutional Investors Weigh In On KB Financial Group
Several institutional investors and hedge funds have recently made changes to their positions in KB. Bruce G. Allen Investments LLC boosted its stake in shares of KB Financial Group by 141.8% in the 1st 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 last quarter. Tower Research Capital LLC TRC boosted its position in 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 acquiring an additional 2,097 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its holdings in KB Financial Group by 5.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after acquiring an additional 168 shares during the period. Cresset Asset Management LLC bought a new position in shares of KB Financial Group in the 1st quarter worth about $207,000. Finally, Cetera Investment Advisers increased its holdings in KB Financial Group by 7.4% in the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after purchasing an additional 258 shares in the last quarter. Institutional investors and hedge funds 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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