KB Financial Group Inc. (NYSE:KB - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $73.96 and last traded at $73.63, with a volume of 23665 shares traded. The stock had previously closed at $71.86.
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.
Check Out Our Latest Stock Analysis on KB Financial Group
KB Financial Group Trading Up 0.9%
The stock has a 50-day simple moving average of $61.04 and a two-hundred day simple moving average of $60.24. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $29.42 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.52 and a beta of 0.98.
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 (EPS) for the quarter, missing analysts' consensus estimates of $3.04 by ($0.02). The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $4.45 billion. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. As a group, sell-side analysts anticipate that KB Financial Group Inc. will post 8.87 EPS for the current year.
Institutional Investors Weigh In On KB Financial Group
A number of large investors have recently made changes to their positions in KB. Northern Trust Corp grew its stake in shares of KB Financial Group by 310.0% during the 4th quarter. Northern Trust Corp now owns 912,529 shares of the bank's stock valued at $51,923,000 after purchasing an additional 689,979 shares during the period. Ranmore Fund Management Ltd bought a new position in shares of KB Financial Group during the 1st quarter valued at approximately $12,746,000. Raymond James Financial Inc. bought a new position in shares of KB Financial Group during the 4th quarter valued at approximately $7,301,000. Silvercrest Asset Management Group LLC bought a new position in shares of KB Financial Group during the 4th quarter valued at approximately $5,489,000. Finally, Mirabella Financial Services LLP bought a new position in shares of KB Financial Group during the 4th quarter valued at approximately $5,000,000. 11.52% of the stock is currently owned by institutional investors.
KB Financial Group Company Profile
(
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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