KB Financial Group (NYSE:KB) Sets New 1-Year High – Here’s What Happened

KB Financial Group Inc (NYSE:KB) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $95.60 and last traded at $94.96, with a volume of 121868 shares. The stock had previously closed at $94.52.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of KB Financial Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

KB Financial Group Stock Up 0.5%

The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $36.22 billion, a P/E ratio of 8.96, a PEG ratio of 0.71 and a beta of 1.12. The firm’s 50 day moving average price is $86.86 and its two-hundred day moving average price is $83.81.

Institutional Investors Weigh In On KB Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ramirez Asset Management Inc. increased its position in shares of KB Financial Group by 24.6% in the second quarter. Ramirez Asset Management Inc. now owns 304,298 shares of the bank’s stock valued at $25,132,000 after acquiring an additional 60,056 shares during the last quarter. Cullen Capital Management LLC grew its stake in KB Financial Group by 19.6% in the second quarter. Cullen Capital Management LLC now owns 111,477 shares of the bank’s stock valued at $9,207,000 after purchasing an additional 18,255 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of KB Financial Group during the 2nd quarter worth approximately $302,000. Schroder Investment Management Group increased its position in shares of KB Financial Group by 24.3% during the 2nd quarter. Schroder Investment Management Group now owns 64,244 shares of the bank’s stock worth $5,306,000 after purchasing an additional 12,561 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of KB Financial Group by 1.7% during the 2nd quarter. Lazard Asset Management LLC now owns 1,554,154 shares of the bank’s stock worth $128,357,000 after purchasing an additional 26,423 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

About KB Financial Group

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.