KB Financial Group (NYSE:KB) Sees Strong Trading Volume – Should You Buy?

KB Financial Group Inc (NYSE:KB) saw strong trading volume on Wednesday . Approximately 311,411 shares traded hands during mid-day trading, an increase of 28% from the previous session’s volume of 243,912 shares.The stock last traded at $99.3850 and had previously closed at $102.58.

Analyst Upgrades and Downgrades

KB has been the subject of several research analyst reports. Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

KB Financial Group Stock Performance

The stock’s 50-day moving average price is $106.42 and its 200-day moving average price is $100.54. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $35.53 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 0.65 and a beta of 1.01.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share for the quarter. The business had revenue of $3.49 billion for the quarter. KB Financial Group had a return on equity of 9.99% and a net margin of 17.36%. As a group, equities research analysts expect that KB Financial Group Inc will post 11.93 earnings per share for the current year.

Institutional Trading of KB Financial Group

Several large investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its position in shares of KB Financial Group by 131.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock valued at $35,000 after buying an additional 229 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of KB Financial Group in the 4th quarter worth about $39,000. Leonteq Securities AG acquired a new stake in KB Financial Group in the 4th quarter valued at about $43,000. Triumph Capital Management acquired a new stake in KB Financial Group in the 3rd quarter valued at about $46,000. Finally, Bell Investment Advisors Inc increased its holdings in KB Financial Group by 29.3% during 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 in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

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.