KB Financial Group (NYSE:KB) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

KB Financial Group Inc (NYSE:KB) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $108.65 and traded as high as $113.99. KB Financial Group shares last traded at $113.16, with a volume of 106,999 shares changing hands.

Analyst Ratings Changes

Several analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Zacks Research upgraded KB Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, KB Financial Group currently has an average rating of “Buy”.

KB Financial Group Price Performance

The company has a debt-to-equity ratio of 2.53, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market cap of $41.84 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01. The business’s 50-day simple moving average is $114.74 and its two-hundred day simple moving average is $108.72.

KB Financial Group (NYSE:KB) last posted its earnings results on Friday, August 14th. The bank reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.16. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.45 billion. KB Financial Group had a net margin of 17.67% and a return on equity of 10.11%. Research analysts expect that KB Financial Group Inc will post 12.91 earnings per share for the current year.

Institutional Investors Weigh In On KB Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC raised its position in KB Financial Group by 2.8% in the first quarter. Lazard Asset Management LLC now owns 1,457,537 shares of the bank’s stock valued at $145,360,000 after purchasing an additional 39,764 shares during the last quarter. Morgan Stanley grew its holdings in shares of KB Financial Group by 4.0% during the fourth quarter. Morgan Stanley now owns 1,080,052 shares of the bank’s stock worth $92,928,000 after purchasing an additional 41,587 shares during the last quarter. Bank of America Corp DE increased its stake in shares of KB Financial Group by 20.3% in the first quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock valued at $106,553,000 after buying an additional 180,590 shares during the period. Capital International Investors raised its holdings in KB Financial Group by 0.6% in the 4th quarter. Capital International Investors now owns 761,913 shares of the bank’s stock valued at $65,637,000 after buying an additional 4,745 shares during the last quarter. Finally, Orbis Allan Gray Ltd raised its holdings in KB Financial Group by 4.0% in the 4th quarter. Orbis Allan Gray Ltd now owns 378,785 shares of the bank’s stock valued at $32,591,000 after buying an additional 14,637 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

About KB Financial Group

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.