KB Financial Group (NYSE:KB) Reaches New 1-Year High - What's Next?

KB Financial Group Inc (NYSE:KB - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $82.27 and last traded at $81.91, with a volume of 19734 shares changing hands. The stock had previously closed at $78.71.

Analyst Upgrades and Downgrades

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

KB Financial Group Trading Up 4.6%

The firm has a market capitalization of $31.39 billion, a PE ratio of 7.98, a PEG ratio of 0.60 and a beta of 1.04. The company's 50-day moving average price is $69.38 and its 200-day moving average price is $61.43. 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 released its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $4.45 billion. On average, sell-side analysts expect that KB Financial Group Inc will post 8.87 earnings per share for the current year.

Hedge Funds Weigh In On KB Financial Group

Several hedge funds have recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC grew its position 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 buying an additional 543 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in KB Financial Group by 659.4% in 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 in the last quarter. Cetera Investment Advisers grew its holdings 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 worth $214,000 after purchasing an additional 258 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in shares of KB Financial Group during the first quarter worth about $207,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of KB Financial Group in the 4th quarter valued at about $222,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

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.

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