KB Financial Group (NYSE:KB) Hits New 12-Month High - Should You Buy?

Key Points

• KB Financial Group shares reached a new 52-week high of $133.81 and last traded at $132.97, up from the prior close of $132.01.
• Analyst sentiment is positive: the stock has an average “Buy” rating, including one Strong Buy and two Buy ratings. Zacks Research recently upgraded the shares to Strong Buy.
• The bank exceeded quarterly expectations, reporting $3.67 in earnings per share versus the $3.51 consensus and revenue of $3.49 billion versus $3.45 billion expected.

KB Financial Group Inc (NYSE:KB - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $133.81 and last traded at $132.97, with a volume of 889 shares traded. The stock had previously closed at $132.01.

Analysts Set New Price Targets

A number of analysts have commented on the stock. The Goldman Sachs Group restated a "buy" rating on shares of KB Financial Group in a research note on Wednesday, July 1st. Zacks Research raised shares of KB Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of KB Financial Group in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, KB Financial Group has an average rating of "Buy".

KB Financial Group Price Performance

The firm has a market cap of $46.78 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.79 and a beta of 1.02. The company has a fifty day moving average of $120.77 and a 200-day moving average of $110.64. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.64 and a quick ratio of 1.64.

KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The bank reported $3.67 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.16. The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.45 billion. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%. On average, sell-side analysts anticipate that KB Financial Group Inc will post 12.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. grew its position in KB Financial Group by 131.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank's stock worth $35,000 after purchasing an additional 229 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of KB Financial Group during the 4th quarter worth approximately $39,000. Leonteq Securities AG purchased a new position in shares of KB Financial Group in the 4th quarter worth approximately $43,000. Triumph Capital Management purchased a new position in shares of KB Financial Group in the 3rd quarter worth approximately $46,000. Finally, Bell Investment Advisors Inc grew its holdings in shares of KB Financial Group by 29.3% in the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank's stock valued at $48,000 after acquiring an additional 108 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group operates through a network of subsidiaries that provide banking, securities, insurance, asset management, credit card, consumer finance and other financial services to individuals, businesses and institutional clients.

Its principal subsidiary, KB Kookmin Bank, offers deposit accounts, lending, wealth management, foreign exchange, payments and corporate banking services.

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