KB Financial Group Inc (NYSE:KB - Get Free Report)'s stock price hit a new 52-week high on Thursday . The stock traded as high as $89.50 and last traded at $89.98, with a volume of 159779 shares traded. The stock had previously closed at $84.24.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded KB Financial Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st.
View Our Latest Stock Report on KB
KB Financial Group Trading Down 8.8%
The firm has a 50 day moving average of $79.83 and a 200-day moving average of $65.72. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $29.90 billion, a P/E ratio of 7.60, a PEG ratio of 0.66 and a beta of 1.06.
KB Financial Group (NYSE:KB - Get Free Report) last posted 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 return on equity of 9.76% and a net margin of 16.03%. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $4.45 billion. On average, equities research analysts predict that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Seeds Investor LLC increased its stake in KB Financial Group by 2.9% during the 4th quarter. Seeds Investor LLC now owns 6,923 shares of the bank's stock valued at $394,000 after purchasing an additional 195 shares in the last quarter. Cetera Investment Advisers increased its holdings in KB Financial Group by 7.4% during the 4th 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. PDS Planning Inc increased its holdings in KB Financial Group by 3.5% during the 1st quarter. PDS Planning Inc now owns 8,024 shares of the bank's stock worth $434,000 after purchasing an additional 271 shares in the last quarter. US Bancorp DE increased its holdings in KB Financial Group by 1.3% during the 1st quarter. US Bancorp DE now owns 20,442 shares of the bank's stock worth $1,106,000 after purchasing an additional 272 shares in the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in KB Financial Group by 6.7% during the first quarter. Aaron Wealth Advisors LLC now owns 5,161 shares of the bank's stock worth $279,000 after buying an additional 325 shares in the last quarter. 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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