KB Financial Group Inc (NYSE:KB - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $89.50 and last traded at $89.98, with a volume of 159779 shares trading hands. The stock had previously closed at $84.24.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised KB Financial Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st.
Check Out Our Latest Research Report on KB Financial Group
KB Financial Group Stock Performance
The firm has a fifty day moving average of $79.83 and a 200-day moving average of $65.62. The stock has a market capitalization of $32.73 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 0.68 and a beta of 1.06. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40.
KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings results 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). The company 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%. As a group, sell-side analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current year.
Hedge Funds Weigh In On KB Financial Group
Several hedge funds have recently bought and sold shares of KB. Bruce G. Allen Investments LLC grew its position in KB Financial Group by 141.8% during 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. GAMMA Investing LLC grew its position in KB Financial Group by 105.6% during the second quarter. GAMMA Investing LLC now owns 1,836 shares of the bank's stock valued at $152,000 after acquiring an additional 943 shares during the period. Farther Finance Advisors LLC grew its position in KB Financial Group by 215.2% during the second quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank's stock valued at $176,000 after acquiring an additional 1,457 shares during the period. Tower Research Capital LLC TRC grew 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 period. Finally, Vontobel Holding Ltd. purchased a new stake in KB Financial Group during the second quarter valued at about $211,000. 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.
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