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

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

Analyst Ratings Changes

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

KB Financial Group Trading Down 0.0%

The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $31.11 billion, a P/E ratio of 7.90, a P/E/G ratio of 0.62 and a beta of 1.05. The business's fifty day simple moving average is $70.96 and its two-hundred day simple moving average is $61.87.

KB Financial Group (NYSE:KB - Get Free Report) last issued its 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). KB Financial Group had a return on equity of 9.76% and a net margin of 16.03%. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.45 billion. As a group, analysts forecast that KB Financial Group Inc will post 8.87 earnings per share for the current year.

Hedge Funds Weigh In On KB Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in KB. Bruce G. Allen Investments LLC increased its stake in KB Financial Group by 141.8% in the first quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock valued at $50,000 after acquiring an additional 543 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of KB Financial Group by 659.4% in the 4th 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. Cresset Asset Management LLC bought a new stake in shares of KB Financial Group in the 1st quarter valued at approximately $207,000. Cetera Investment Advisers raised its holdings in shares of KB Financial Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after buying an additional 258 shares in the last quarter. Finally, Perigon Wealth Management LLC bought a new position in shares of KB Financial Group during the 1st quarter worth approximately $214,000. 11.52% of the stock is owned by 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.