KB Financial Group (NYSE:KB) Reaches New 52-Week High – What’s Next?

KB Financial Group Inc (NYSE:KB)’s share price hit a new 52-week high on Thursday . The company traded as high as $112.75 and last traded at $111.6430, with a volume of 306218 shares changing hands. The stock had previously closed at $106.22.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research note on Monday, December 29th. Zacks Research raised KB Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

KB Financial Group Price Performance

The firm has a market capitalization of $43.51 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 0.70 and a beta of 1.11. 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 firm has a 50 day moving average price of $91.37 and a 200-day moving average price of $85.51.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Saturday, January 31st. The bank reported $1.43 earnings per share for the quarter. KB Financial Group had a return on equity of 9.79% and a net margin of 16.96%. On average, analysts expect that KB Financial Group Inc will post 8.87 earnings per share for the current year.

Hedge Funds Weigh In On KB Financial Group

Several hedge funds have recently added to or reduced their stakes in KB. First Horizon Advisors Inc. bought a new stake in KB Financial Group in the second quarter worth about $25,000. Parkside Financial Bank & Trust raised its holdings in shares of KB Financial Group by 585.7% in the second quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock worth $28,000 after buying an additional 287 shares during the period. First Horizon Corp bought a new stake in shares of KB Financial Group during the 3rd quarter worth approximately $30,000. Brown Brothers Harriman & Co. lifted its stake 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 worth $35,000 after acquiring an additional 229 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in KB Financial Group in the 4th quarter valued at $39,000. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Company Profile

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.