KB Financial Group (NYSE:KB) Sees Large Volume Increase – Should You Buy?

KB Financial Group Inc (NYSE:KB) shares saw an uptick in trading volume on Wednesday . 282,752 shares traded hands during trading, an increase of 63% from the previous session’s volume of 173,472 shares.The stock last traded at $96.2860 and had previously closed at $94.44.

Analyst Ratings Changes

Several research firms have weighed in on KB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research note on Monday, December 29th. Zacks Research upgraded shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

KB Financial Group Price Performance

The company has a debt-to-equity ratio of 2.38, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market capitalization of $36.05 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.71 and a beta of 1.11. The stock’s 50 day simple moving average is $88.39 and its 200-day simple moving average is $84.33.

Institutional Trading of KB Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new position in shares of KB Financial Group during the 1st quarter valued at about $300,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of KB Financial Group in the first quarter worth $259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of KB Financial Group by 53.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank’s stock worth $5,230,000 after buying an additional 33,650 shares during the period. Jane Street Group LLC grew its stake in KB Financial Group by 64.3% in the 1st quarter. Jane Street Group LLC now owns 26,136 shares of the bank’s stock valued at $1,414,000 after buying an additional 10,225 shares during the last quarter. Finally, HB Wealth Management LLC bought a new position in KB Financial Group in the 2nd quarter worth $253,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

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.