KB Financial Group (NYSE:KB) Reaches New 52-Week High – Should You Buy?

KB Financial Group Inc. (NYSE:KB)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $80.33 and last traded at $80.11, with a volume of 389732 shares. The stock had previously closed at $73.33.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 21st.

KB Financial Group Stock Performance

The company has a market cap of $31.53 billion, a P/E ratio of 9.34, a PEG ratio of 0.52 and a beta of 0.98. The stock’s 50-day moving average price is $62.29 and its 200-day moving average price is $60.47. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66.

KB Financial Group (NYSE:KB) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.02). KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.45 billion. Equities analysts anticipate that KB Financial Group Inc. will post 8.87 EPS for the current year.

Institutional Investors Weigh In On KB Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bruce G. Allen Investments LLC grew its position in KB Financial Group by 141.8% during the first quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank’s stock worth $50,000 after buying an additional 543 shares in the last quarter. Tower Research Capital LLC TRC raised its position in KB Financial Group by 659.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank’s stock valued at $137,000 after purchasing an additional 2,097 shares in the last quarter. Hudson Edge Investment Partners Inc. lifted its stake in KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after purchasing an additional 168 shares during the last quarter. Cresset Asset Management LLC bought a new stake in KB Financial Group during the first quarter worth $207,000. Finally, Cetera Investment Advisers boosted its holdings in shares of KB Financial Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock valued at $214,000 after purchasing an additional 258 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

About KB Financial Group

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.