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

Shares of KB Financial Group Inc. (NYSE:KB) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $67.40 and last traded at $67.38, with a volume of 32622 shares. The stock had previously closed at $65.81.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday.

KB Financial Group Stock Performance

The firm has a market cap of $27.14 billion, a PE ratio of 8.40, a P/E/G ratio of 0.45 and a beta of 0.98. The firm has a 50-day moving average price of $62.75 and a two-hundred day moving average price of $58.49. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33.

KB Financial Group (NYSE:KB) last released its earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.36. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. The business had revenue of $3.18 billion for the quarter. Research analysts forecast that KB Financial Group Inc. will post 9.4 EPS for the current fiscal year.

Hedge Funds Weigh In On KB Financial Group

A number of institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its position in KB Financial Group by 5.7% during the third quarter. CWM LLC now owns 2,851 shares of the bank’s stock worth $176,000 after buying an additional 155 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in KB Financial Group by 3.0% in the second quarter. EverSource Wealth Advisors LLC now owns 6,496 shares of the bank’s stock valued at $368,000 after purchasing an additional 192 shares during the period. Adero Partners LLC raised its position in KB Financial Group by 4.2% in the second quarter. Adero Partners LLC now owns 4,802 shares of the bank’s stock valued at $272,000 after purchasing an additional 193 shares during the period. Thornburg Investment Management Inc. raised its position in KB Financial Group by 1.7% in the second quarter. Thornburg Investment Management Inc. now owns 14,239 shares of the bank’s stock valued at $848,000 after purchasing an additional 242 shares during the period. Finally, GAMMA Investing LLC raised its position in KB Financial Group by 35.6% in the second quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock valued at $53,000 after purchasing an additional 245 shares during the period. 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.