KB Financial Group (NYSE:KB) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• KB Financial Group shares rose above their 200-day moving average of $114.19, reaching $120.94 before last trading near $118.92. The stock’s 50-day moving average remains higher at $123.75.
• Analyst sentiment is generally positive, with two Buy ratings and one Hold rating producing a consensus “Moderate Buy.” Weiss Ratings upgraded the stock, while Zacks Research downgraded it to Hold and Goldman Sachs maintained a Buy rating.
• The company exceeded quarterly expectations, reporting earnings of $3.67 per share versus the $3.51 consensus and revenue of $3.49 billion. Institutional investors own 11.52% of the stock, with several firms increasing their positions.

KB Financial Group Inc (NYSE:KB - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $114.19 and traded as high as $120.94. KB Financial Group shares last traded at $118.9220, with a volume of 154,515 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings raised shares of KB Financial Group from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Zacks Research cut shares of KB Financial Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 22nd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of KB Financial Group in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

KB Financial Group Stock Performance

The company has a market capitalization of $42.18 billion, a P/E ratio of 10.21, a P/E/G ratio of 0.62 and a beta of 1.05. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.64 and a quick ratio of 1.64. The stock's 50 day simple moving average is $123.75 and its two-hundred day simple moving average is $114.19.

KB Financial Group (NYSE:KB - Get Free Report) last announced 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. The firm had revenue of $3.49 billion during 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%. As a group, research analysts expect that KB Financial Group Inc will post 13.98 earnings per share for the current year.

Institutional Investors Weigh In On KB Financial Group

Several large investors have recently made changes to their positions in KB. Mather Group LLC. grew its stake in KB Financial Group by 2,358.3% in the third quarter. Mather Group LLC. now owns 590 shares of the bank's stock valued at $73,000 after purchasing an additional 566 shares in the last quarter. Legacy Wealth Asset Management LLC grew its stake in shares of KB Financial Group by 13.5% in the third quarter. Legacy Wealth Asset Management LLC now owns 11,454 shares of the bank's stock valued at $1,410,000 after buying an additional 1,360 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of KB Financial Group by 19.9% in the third quarter. GAMMA Investing LLC now owns 5,846 shares of the bank's stock valued at $720,000 after buying an additional 972 shares in the last quarter. Artemis Investment Management LLP grew its stake in shares of KB Financial Group by 202.5% in the third quarter. Artemis Investment Management LLP now owns 36,202 shares of the bank's stock valued at $4,456,000 after buying an additional 24,234 shares in the last quarter. Finally, Eastern Bank grew its stake in shares of KB Financial Group by 41.5% in the third quarter. Eastern Bank now owns 324 shares of the bank's stock valued at $40,000 after buying an additional 95 shares in the last quarter. Institutional investors own 11.52% of the company's stock.

About KB Financial Group

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group provides a broad range of financial products and services through subsidiaries serving individuals, businesses, and institutional customers in South Korea and selected international markets.

Its principal subsidiary is KB Kookmin Bank, one of South Korea's major commercial banks, which offers deposits, consumer and commercial lending, payments, wealth management, foreign exchange, and related banking services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.