KB Financial Group Inc (NYSE:KB - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $109.57 and traded as high as $124.98. KB Financial Group shares last traded at $124.22, with a volume of 139,850 shares traded.
Analyst Ratings Changes
KB has been the subject of several analyst reports. Zacks Research raised KB Financial Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of KB Financial Group in a report on Wednesday, July 1st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of KB Financial Group in a research 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's stock. According to MarketBeat.com, KB Financial Group has an average rating of "Buy".
Check Out Our Latest Analysis on KB
KB Financial Group Stock Performance
The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.64 and a current ratio of 1.64. The firm's 50 day moving average is $115.89 and its 200-day moving average is $109.57. The stock has a market capitalization of $44.06 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.73 and a beta of 1.01.
KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The bank reported $3.67 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.45 billion. Analysts forecast that KB Financial Group Inc will post 12.91 earnings per share for the current fiscal year.
Institutional Investors Weigh In On KB Financial Group
Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC purchased a new position in shares of KB Financial Group in the 1st quarter valued at about $300,000. Dynamic Technology Lab Private Ltd purchased a new position in KB Financial Group during the first quarter worth approximately $259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in KB Financial Group by 53.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank's stock worth $5,230,000 after purchasing an additional 33,650 shares in the last quarter. Jane Street Group LLC boosted its position in KB Financial Group by 64.3% during the first quarter. Jane Street Group LLC now owns 26,136 shares of the bank's stock worth $1,414,000 after purchasing an additional 10,225 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in KB Financial Group by 66.4% in the second quarter. Cetera Investment Advisers now owns 8,584 shares of the bank's stock valued at $709,000 after purchasing an additional 3,425 shares during the period. 11.52% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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