KB Financial Group (NYSE:KB) Reaches New 1-Year High at $60.78

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

Analysts Set New Price Targets

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

KB Financial Group Trading 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 stock has a market cap of $24.36 billion, a P/E ratio of 7.41, a P/E/G ratio of 0.42 and a beta of 1.00. The stock has a 50-day moving average price of $56.41 and a 200-day moving average price of $50.15.

KB Financial Group (NYSE:KB) last announced its earnings results on Thursday, May 16th. The bank reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.07. The business had revenue of $3.64 billion during the quarter. KB Financial Group had a net margin of 11.65% and a return on equity of 6.97%. On average, equities research analysts expect that KB Financial Group Inc. will post 9.23 EPS for the current year.

Hedge Funds Weigh In On KB Financial Group

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

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.