KB Financial Group (NYSE:KB) Share Price Breaks Above Two Hundred Day Moving Average – Time to Sell?

KB Financial Group Inc (NYSE:KB) passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $114.19 and traded as high as $120.94. KB Financial Group shares last traded at $118.9220, with a volume of 154,515 shares trading hands.

Analyst Ratings Changes

KB has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a research note on Wednesday, July 1st. Weiss Ratings raised shares of KB Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Finally, Zacks Research lowered shares of KB Financial Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 22nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

KB Financial Group Price Performance

The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.53. The stock has a market cap of $42.18 billion, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 0.63 and a beta of 1.05. The company’s 50-day moving average is $123.75 and its 200-day moving average is $114.19.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Friday, August 14th. The bank reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.16. The firm had revenue of $3.49 billion during 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%. Equities research analysts expect that KB Financial Group Inc will post 13.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KB Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Eastern Bank boosted its stake in KB Financial Group by 41.5% in the 3rd quarter. Eastern Bank now owns 324 shares of the bank’s stock valued at $40,000 after buying an additional 95 shares in the last quarter. Bell Investment Advisors Inc grew its position in KB Financial Group by 29.3% in the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock valued at $48,000 after acquiring an additional 108 shares during the period. V Square Quantitative Management LLC raised its stake in KB Financial Group by 90.0% during the first quarter. V Square Quantitative Management LLC now owns 496 shares of the bank’s stock worth $49,000 after acquiring an additional 235 shares in the last quarter. First Horizon Corp raised its stake in KB Financial Group by 36.2% during the first quarter. First Horizon Corp now owns 489 shares of the bank’s stock worth $49,000 after acquiring an additional 130 shares in the last quarter. Finally, Mather Group LLC. raised its stake in KB Financial Group by 2,358.3% during the third quarter. Mather Group LLC. now owns 590 shares of the bank’s stock worth $73,000 after acquiring an additional 566 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

About KB Financial Group

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group provides a broad range of financial products and services through subsidiaries serving individuals, businesses, and institutional customers in South Korea and selected international markets.

Its principal subsidiary is KB Kookmin Bank, one of South Korea’s major commercial banks, which offers deposits, consumer and commercial lending, payments, wealth management, foreign exchange, and related banking services.