KB Financial Group (NYSE:KB) Hits New 1-Year High – Here’s Why

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

Analyst Ratings Changes

Several research analysts have weighed in on KB shares. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, June 24th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Finally, Zacks Research upgraded KB Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

KB Financial Group Stock Down 0.1%

The stock’s 50-day moving average price is $120.77 and its two-hundred day moving average price is $110.64. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.53. The stock has a market capitalization 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.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Friday, August 14th. The bank reported $3.67 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.45 billion. As a group, research analysts expect that KB Financial Group Inc will post 12.91 earnings per share for the current fiscal year.

Institutional Trading of KB Financial Group

Several hedge funds have recently made changes to their positions in KB. Brown Brothers Harriman & Co. lifted its position in shares of KB Financial Group by 131.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock valued at $35,000 after buying an additional 229 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in KB Financial Group in the 4th quarter worth about $39,000. Leonteq Securities AG purchased a new stake in KB Financial Group in the 4th quarter worth about $43,000. Triumph Capital Management bought a new stake in KB Financial Group in the 3rd quarter valued at about $46,000. Finally, Bell Investment Advisors Inc raised its stake in KB Financial Group by 29.3% in the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock valued at $48,000 after acquiring an additional 108 shares during the period. 11.52% of the stock is currently owned by institutional investors.

About KB Financial Group

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.