KBC Group (OTCMKTS:KBCSY) Trading 0.7% Higher - Here's What Happened

Key Points

• KBC Group's stock rose 0.7%, closing at $60.13, despite a decline in trading volume by 17% from its average.
• Analyst ratings for KBC Group are mixed, with one buy rating and three hold ratings, resulting in an average rating of "Hold."
• The company reported quarterly earnings of $1.42 EPS, exceeding estimates and maintaining a return on equity of 14.18%.

KBC Group SA (OTCMKTS:KBCSY - Get Free Report) shares were up 0.7% on Monday . The company traded as high as $60.25 and last traded at $60.13. Approximately 20,896 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 25,062 shares. The stock had previously closed at $59.72.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KBCSY shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of KBC Group in a research report on Tuesday, August 12th. Morgan Stanley restated an "overweight" rating on shares of KBC Group in a research report on Tuesday, September 2nd. Royal Bank Of Canada restated a "sector perform" rating on shares of KBC Group in a research report on Friday, August 8th. Finally, Barclays downgraded KBC Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

KBC Group Stock Up 0.3%

The firm has a market capitalization of $49.21 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 1.32 and a beta of 0.85. The stock's 50 day moving average price is $56.91 and its two-hundred day moving average price is $50.76.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.02. KBC Group had a net margin of 15.04% and a return on equity of 14.18%. On average, equities analysts expect that KBC Group SA will post 4.28 EPS for the current fiscal year.

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.