KB Financial Group (NYSE:KB) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

KB Financial Group Inc (NYSE:KB) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $109.57 and traded as high as $124.98. KB Financial Group shares last traded at $124.22, with a volume of 139,850 shares.

Analysts Set New Price Targets

KB has been the topic of a number of research analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a report on Wednesday, June 24th. Finally, Zacks Research raised 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 assigned a Buy rating to the stock. According to data from MarketBeat.com, KB Financial Group has a consensus rating of “Buy”.

KB Financial Group Trading Up 2.3%

The firm has a fifty day moving average of $115.89 and a 200-day moving average of $109.57. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $44.06 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 0.74 and a beta of 1.01.

KB Financial Group (NYSE:KB) last posted its earnings results on Friday, August 14th. The bank reported $3.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.16. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.45 billion. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%. As a group, equities analysts predict that KB Financial Group Inc will post 12.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KB. Brown Brothers Harriman & Co. increased its position 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 acquiring an additional 229 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of KB Financial Group in the 4th quarter valued at approximately $39,000. Leonteq Securities AG acquired a new stake in shares of KB Financial Group during the fourth quarter worth approximately $43,000. Triumph Capital Management acquired a new stake in shares of KB Financial Group during the third quarter worth approximately $46,000. Finally, Bell Investment Advisors Inc increased its stake in shares of KB Financial Group by 29.3% in the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after buying an additional 108 shares during the last quarter. 11.52% of the stock is currently owned by hedge funds and other 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.