KB Financial Group (NYSE:KB) Sets New 12-Month High – Still a Buy?

KB Financial Group Inc (NYSE:KB)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $95.60 and last traded at $94.96, with a volume of 121868 shares changing hands. The stock had previously closed at $94.52.

Analyst Ratings Changes

Several analysts have issued reports on KB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Monday, December 29th. Zacks Research lowered shares of KB Financial Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

KB Financial Group Stock Up 0.5%

The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.65 and a current ratio of 1.65. The firm has a fifty day simple moving average of $86.86 and a 200-day simple moving average of $83.81. The firm has a market cap of $36.22 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 0.71 and a beta of 1.12.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KB. AQR Capital Management LLC acquired a new stake in KB Financial Group during the first quarter worth approximately $300,000. Dynamic Technology Lab Private Ltd bought a new position in shares of KB Financial Group during the first quarter worth approximately $259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in KB Financial Group by 53.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank’s stock worth $5,230,000 after purchasing an additional 33,650 shares during the last quarter. Jane Street Group LLC boosted its stake in KB Financial Group by 64.3% in the 1st quarter. Jane Street Group LLC now owns 26,136 shares of the bank’s stock valued at $1,414,000 after purchasing an additional 10,225 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in KB Financial Group by 215.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank’s stock valued at $176,000 after buying an additional 1,457 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Company Profile

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.