KB Financial Group (NYSE:KB) Sets New 52-Week High – Still a Buy?

KB Financial Group Inc (NYSE:KB) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $82.27 and last traded at $81.91, with a volume of 19734 shares traded. The stock had previously closed at $78.71.

Wall Street Analyst Weigh In

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 Down 1.4%

The company has a 50 day moving average price of $70.45 and a two-hundred day moving average price of $61.71. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market cap of $31.01 billion, a PE ratio of 7.88, a PEG ratio of 0.63 and a beta of 1.05.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.02). KB Financial Group had a return on equity of 9.76% and a net margin of 16.03%. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Analysts expect that KB Financial Group Inc will post 8.87 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KB. Northern Trust Corp raised its stake in shares of KB Financial Group by 310.0% in the fourth quarter. Northern Trust Corp now owns 912,529 shares of the bank’s stock worth $51,923,000 after purchasing an additional 689,979 shares during the last quarter. Ranmore Fund Management Ltd purchased a new stake in KB Financial Group during the first quarter valued at $12,746,000. Raymond James Financial Inc. purchased a new stake in KB Financial Group during the fourth quarter valued at $7,301,000. Silvercrest Asset Management Group LLC purchased a new stake in KB Financial Group during the fourth quarter valued at $5,489,000. Finally, Mirabella Financial Services LLP purchased a new stake in KB Financial Group during the fourth quarter valued at $5,000,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

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.