KB Financial Group (NYSE:KB) Hits New 1-Year High – Time to Buy?

KB Financial Group Inc (NYSE:KBGet Free Report)’s share price hit a new 52-week high on Friday . The stock traded as high as $125.66 and last traded at $124.0690, with a volume of 11949 shares. The stock had previously closed at $121.32.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KB. Zacks Research upgraded KB Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, KB Financial Group has a consensus rating of “Buy”.

Read Our Latest Analysis on KB

KB Financial Group Trading Up 1.6%

The firm’s 50-day moving average price is $111.51 and its 200 day moving average price is $106.95. The company has a market cap of $43.74 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 0.72 and a beta of 1.01. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.47.

Institutional Investors Weigh In On KB Financial Group

Large investors have recently bought and sold shares of the stock. M&T Bank Corp acquired a new stake in KB Financial Group in the fourth quarter valued at approximately $36,964,000. WCM Investment Management LLC acquired a new position in shares of KB Financial Group during the first quarter worth approximately $24,497,000. Bank of America Corp DE raised its position in shares of KB Financial Group by 20.3% during the first quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock worth $106,553,000 after purchasing an additional 180,590 shares during the period. Invesco Ltd. lifted its holdings in shares of KB Financial Group by 508.9% in the 2nd quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock worth $12,631,000 after purchasing an additional 127,823 shares in the last quarter. Finally, Trinity Street Asset Management LLP lifted its holdings in shares of KB Financial Group by 141.4% in the 2nd quarter. Trinity Street Asset Management LLP now owns 146,667 shares of the bank’s stock worth $15,394,000 after purchasing an additional 85,904 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Company Profile

(Get Free Report)

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.

Further Reading

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