Shares of KB Financial Group Inc. (NYSE:KB - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $73.96 and last traded at $73.63, with a volume of 23665 shares. The stock had previously closed at $71.86.
Analysts Set New Price Targets
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 Stock Report on KB Financial Group
KB Financial Group Trading Up 1.3%
The stock has a fifty day moving average of $60.32 and a 200 day moving average of $60.12. The company has a market capitalization of $29.09 billion, a P/E ratio of 8.61, a PEG ratio of 0.52 and a beta of 0.98. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66.
KB Financial Group (NYSE:KB - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing analysts' consensus estimates of $3.04 by ($0.02). KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.45 billion. As a group, equities research analysts anticipate that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of KB Financial Group in the fourth quarter valued at approximately $856,000. Deutsche Bank AG purchased a new stake in shares of KB Financial Group in the fourth quarter valued at approximately $1,149,000. Raymond James Financial Inc. purchased a new stake in shares of KB Financial Group in the fourth quarter valued at approximately $7,301,000. Optas LLC purchased a new stake in KB Financial Group during the fourth quarter worth $261,000. Finally, HighTower Advisors LLC purchased a new stake in KB Financial Group during the fourth quarter worth $933,000. 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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