KB Financial Group (NYSE:KB) Hits New 1-Year High – Here’s Why

KB Financial Group Inc (NYSE:KB)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $101.98 and last traded at $103.0160, with a volume of 14231 shares changing hands. The stock had previously closed at $96.16.

Wall Street Analysts Forecast Growth

KB has been the topic of several research reports. Zacks Research upgraded shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

KB Financial Group Trading Up 8.7%

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 business’s 50-day moving average is $89.18 and its 200 day moving average is $84.64. The firm has a market capitalization of $39.88 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 0.78 and a beta of 1.11.

KB Financial Group (NYSE:KB) last announced its earnings results on Saturday, January 31st. The bank reported $1.43 earnings per share (EPS) for the quarter. KB Financial Group had a net margin of 16.96% and a return on equity of 9.79%. As a group, analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

Institutional Trading of KB Financial Group

Several large investors have recently modified their holdings of KB. Seeds Investor LLC raised its position in shares of KB Financial Group by 1.8% in the 4th quarter. Seeds Investor LLC now owns 6,606 shares of the bank’s stock valued at $568,000 after buying an additional 114 shares in the last quarter. HighTower Advisors LLC increased its stake in KB Financial Group by 2.1% in the fourth quarter. HighTower Advisors LLC now owns 5,821 shares of the bank’s stock valued at $501,000 after acquiring an additional 118 shares during the last quarter. Drive Wealth Management LLC raised its position in KB Financial Group by 3.5% during the fourth quarter. Drive Wealth Management LLC now owns 3,515 shares of the bank’s stock valued at $302,000 after purchasing an additional 120 shares in the last quarter. Signaturefd LLC raised its position in KB Financial Group by 0.5% during the third quarter. Signaturefd LLC now owns 25,927 shares of the bank’s stock valued at $2,150,000 after purchasing an additional 133 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in KB Financial Group by 9.8% during the fourth quarter. Allworth Financial LP now owns 1,519 shares of the bank’s stock worth $131,000 after purchasing an additional 135 shares during the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

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.