KB Financial Group Inc (NYSE:KB - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $108.65 and traded as high as $113.99. KB Financial Group shares last traded at $113.16, with a volume of 106,999 shares changing hands.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on KB shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of KB Financial Group in a research report on Wednesday, June 24th. Finally, Zacks Research raised KB Financial Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy".
Get Our Latest Research Report on KB
KB Financial Group Stock Down 2.5%
The stock's 50-day moving average price is $114.54 and its 200-day moving average price is $108.65. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.53. The stock has a market cap of $40.14 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 0.70 and a beta of 1.01.
KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The bank reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.16. KB Financial Group had a net margin of 17.67% and a return on equity of 10.11%. The company had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.45 billion. On average, sell-side analysts expect that KB Financial Group Inc will post 12.91 earnings per share for the current year.
Institutional Trading of KB Financial Group
A number of institutional investors have recently bought and sold shares of KB. M&T Bank Corp acquired a new stake in shares of KB Financial Group during the 4th quarter worth approximately $36,964,000. WCM Investment Management LLC bought a new stake in shares of KB Financial Group in the 1st quarter valued at $24,497,000. Bank of America Corp DE lifted its position in shares of KB Financial Group by 20.3% during the 1st quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank's stock valued at $106,553,000 after acquiring an additional 180,590 shares during the period. Invesco Ltd. lifted its position in shares of KB Financial Group by 508.9% during the 2nd quarter. Invesco Ltd. now owns 152,939 shares of the bank's stock valued at $12,631,000 after acquiring an additional 127,823 shares during the period. Finally, Trinity Street Asset Management LLP lifted its position in shares of KB Financial Group by 141.4% during the 2nd quarter. Trinity Street Asset Management LLP now owns 146,667 shares of the bank's stock valued at $15,394,000 after acquiring an additional 85,904 shares during the period. Institutional investors own 11.52% of the company's stock.
About KB Financial Group
(
Get Free Report)
KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.
The company's principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.
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