KB Financial Group (NYSE:KB) Sets New 12-Month High at $60.78

KB Financial Group Inc. (NYSE:KB)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $60.78 and last traded at $60.34, with a volume of 51019 shares trading hands. The stock had previously closed at $59.39.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th.

KB Financial Group Stock Up 1.7 %

The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.65 and a current ratio of 1.65. The firm has a market capitalization of $24.36 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 0.42 and a beta of 1.00. The firm has a fifty day moving average price of $56.41 and a 200 day moving average price of $50.15.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Thursday, May 16th. The bank reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.07. The firm had revenue of $3.64 billion during the quarter. KB Financial Group had a return on equity of 6.97% and a net margin of 11.65%. As a group, sell-side analysts expect that KB Financial Group Inc. will post 9.23 EPS for the current fiscal year.

Institutional Investors Weigh In On KB Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of KB. GAMMA Investing LLC grew its holdings in shares of KB Financial Group by 35.6% in the 2nd quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock worth $53,000 after acquiring an additional 245 shares during the period. EverSource Wealth Advisors LLC boosted its position in KB Financial Group by 8.8% during the first quarter. EverSource Wealth Advisors LLC now owns 6,304 shares of the bank’s stock worth $340,000 after purchasing an additional 510 shares in the last quarter. Boston Partners grew its holdings in KB Financial Group by 195.1% in the first quarter. Boston Partners now owns 100,447 shares of the bank’s stock valued at $5,233,000 after purchasing an additional 66,413 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of KB Financial Group by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank’s stock valued at $19,267,000 after buying an additional 64,000 shares in the last quarter. Finally, SVB Wealth LLC raised its stake in shares of KB Financial Group by 4.5% during the 1st quarter. SVB Wealth LLC now owns 6,225 shares of the bank’s stock worth $324,000 after buying an additional 270 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Company Profile

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.