KB Financial Group (KB) Reaches New 52-Week High at $56.56
KB Financial Group Inc (NYSE:KB)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $56.56 and last traded at $55.39, with a volume of 146700 shares traded. The stock had previously closed at $53.70.
Several equities analysts have commented on the stock. TheStreet downgraded shares of KB Financial Group from a “b-” rating to a “c” rating in a research note on Monday, November 27th. Zacks Investment Research downgraded shares of KB Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $60.00.
The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.14. The stock has a market cap of $22,452.62, a P/E ratio of 8.34, a P/E/G ratio of 0.40 and a beta of 1.20.
Several hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC grew its stake in shares of KB Financial Group by 1.4% during the second quarter. Cubist Systematic Strategies LLC now owns 9,887 shares of the bank’s stock worth $499,000 after purchasing an additional 138 shares in the last quarter. Suntrust Banks Inc. grew its stake in shares of KB Financial Group by 3.0% during the second quarter. Suntrust Banks Inc. now owns 9,493 shares of the bank’s stock worth $478,000 after purchasing an additional 279 shares in the last quarter. Stifel Financial Corp grew its stake in shares of KB Financial Group by 4.3% during the second quarter. Stifel Financial Corp now owns 15,765 shares of the bank’s stock worth $794,000 after purchasing an additional 656 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of KB Financial Group by 11.2% during the second quarter. Eagle Asset Management Inc. now owns 7,121 shares of the bank’s stock worth $359,000 after purchasing an additional 715 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in shares of KB Financial Group by 22.2% during the third quarter. Advisor Group Inc. now owns 5,379 shares of the bank’s stock worth $264,000 after purchasing an additional 978 shares in the last quarter. Hedge funds and other institutional investors own 5.70% of the company’s stock.
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About KB Financial Group
KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.
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