KBC Group (OTCMKTS:KBCSY) Hits New 1-Year High - Here's What Happened

KBC Group NV (OTCMKTS:KBCSY - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $50.51 and last traded at $50.51, with a volume of 19627 shares trading hands. The stock had previously closed at $49.38.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays reaffirmed an "overweight" rating on shares of KBC Group in a report on Tuesday, May 27th. Royal Bank of Canada reiterated a "sector perform" rating on shares of KBC Group in a research report on Wednesday, April 23rd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of KBC Group in a research report on Monday, May 19th.

KBC Group Stock Down 1.0%

The company has a 50-day moving average price of $46.27 and a 200-day moving average price of $42.36. The firm has a market capitalization of $41.03 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 1.75 and a beta of 0.78.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.03. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $3.03 billion. KBC Group had a return on equity of 14.40% and a net margin of 13.32%. As a group, analysts forecast that KBC Group NV will post 4.28 earnings per share for the current year.

KBC Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 23rd. Stockholders of record on Thursday, May 8th were given a dividend of $1.1873 per share. This represents a dividend yield of 3.77%. The ex-dividend date of this dividend was Wednesday, May 7th. This is an increase from KBC Group's previous dividend of $0.33. KBC Group's dividend payout ratio is 51.43%.

KBC Group Company Profile

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.