KB Financial Group (NYSE:KB) Hits New 12-Month High – Should You Buy?

KB Financial Group Inc (NYSE:KB) reached a new 52-week high on Friday . The stock traded as high as $121.99 and last traded at $121.84, with a volume of 79061 shares trading hands. The stock had previously closed at $115.37.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Wall Street Zen lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, KB Financial Group has a consensus rating of “Moderate Buy”.

KB Financial Group Stock Performance

The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47. The stock has a fifty day moving average price of $106.19 and a two-hundred day moving average price of $102.36. The company has a market capitalization of $43.59 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 0.76 and a beta of 1.01.

KB Financial Group (NYSE:KB) last posted its quarterly earnings data on Tuesday, March 31st. The bank reported $2.16 EPS 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, analysts forecast that KB Financial Group Inc will post 12.14 EPS for the current fiscal year.

Institutional Investors Weigh In On KB Financial Group

Several hedge funds have recently modified their holdings of KB. Brown Brothers Harriman & Co. grew its holdings in shares of KB Financial Group by 131.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock worth $35,000 after buying an additional 229 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of KB Financial Group during the fourth quarter valued at approximately $39,000. Bell Investment Advisors Inc boosted its position in KB Financial Group by 29.3% during the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after acquiring an additional 108 shares during the last quarter. First Horizon Corp boosted its position in KB Financial Group by 36.2% during the first quarter. First Horizon Corp now owns 489 shares of the bank’s stock worth $49,000 after acquiring an additional 130 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its stake in KB Financial Group by 90.0% in the 1st quarter. V Square Quantitative Management LLC now owns 496 shares of the bank’s stock worth $49,000 after acquiring an additional 235 shares during the period. 11.52% of the stock is 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.