KB Financial Group (NYSE:KB) Reaches New 1-Year High – Still a Buy?

KB Financial Group Inc (NYSE:KB) shares hit a new 52-week high during trading on Thursday . The company traded as high as $112.75 and last traded at $111.6430, with a volume of 306218 shares traded. The stock had previously closed at $106.22.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Zacks Research upgraded KB Financial Group from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

KB Financial Group Stock Up 5.1%

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 market capitalization of $42.59 billion, a P/E ratio of 10.53, a P/E/G ratio of 0.66 and a beta of 1.11. The stock has a fifty day moving average price of $90.33 and a two-hundred day moving average price of $85.07.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Saturday, January 31st. The bank reported $1.43 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 9.79% and a net margin of 16.96%. Research analysts forecast that KB Financial Group Inc will post 8.87 EPS for the current year.

Institutional Investors Weigh In On KB Financial Group

Institutional investors have recently modified their holdings of the business. Seeds Investor LLC lifted its holdings in shares of KB Financial Group by 1.8% in the fourth quarter. Seeds Investor LLC now owns 6,606 shares of the bank’s stock valued at $568,000 after purchasing an additional 114 shares in the last quarter. HighTower Advisors LLC lifted its stake in KB Financial Group by 2.1% in the 4th quarter. HighTower Advisors LLC now owns 5,821 shares of the bank’s stock worth $501,000 after acquiring an additional 118 shares in the last quarter. Drive Wealth Management LLC boosted its position in KB Financial Group by 3.5% during the 4th quarter. Drive Wealth Management LLC now owns 3,515 shares of the bank’s stock worth $302,000 after acquiring an additional 120 shares during the period. Signaturefd LLC grew its stake in KB Financial Group by 0.5% during the 3rd quarter. Signaturefd LLC now owns 25,927 shares of the bank’s stock valued at $2,150,000 after acquiring an additional 133 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of KB Financial Group by 9.8% in the 4th quarter. Allworth Financial LP now owns 1,519 shares of the bank’s stock valued at $131,000 after purchasing an additional 135 shares during the period. Institutional investors 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.