KB Financial Group (NYSE:KB) Reaches New 52-Week High – Should You Buy?

Shares of KB Financial Group Inc (NYSE:KB) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $93.50 and last traded at $93.3470, with a volume of 9268 shares changing hands. The stock had previously closed at $90.09.

Analyst Upgrades and Downgrades

KB has been the topic of several recent analyst reports. Zacks Research downgraded shares of KB Financial Group from a “hold” rating to a “strong sell” rating in a report on Thursday, December 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, KB Financial Group presently has an average rating of “Hold”.

KB Financial Group Stock Up 4.2%

The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.38. The stock has a market capitalization of $35.82 billion, a P/E ratio of 8.86, a P/E/G ratio of 0.67 and a beta of 1.12. The firm’s fifty day moving average is $86.41 and its 200-day moving average is $83.56.

Hedge Funds Weigh In On KB Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. raised its position in shares of KB Financial Group by 508.9% during the 2nd quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock valued at $12,631,000 after acquiring an additional 127,823 shares during the last quarter. American Century Companies Inc. grew its stake in shares of KB Financial Group by 18.3% during the second quarter. American Century Companies Inc. now owns 751,168 shares of the bank’s stock worth $62,039,000 after purchasing an additional 116,293 shares during the period. Capital International Investors increased its holdings in KB Financial Group by 12.7% in the third quarter. Capital International Investors now owns 757,168 shares of the bank’s stock valued at $62,735,000 after purchasing an additional 85,231 shares during the last quarter. Two Sigma Investments LP lifted its stake in KB Financial Group by 82.0% in the third quarter. Two Sigma Investments LP now owns 171,025 shares of the bank’s stock valued at $14,180,000 after buying an additional 77,048 shares during the period. Finally, Bank of America Corp DE boosted its holdings in KB Financial Group by 9.1% during the second quarter. Bank of America Corp DE now owns 845,567 shares of the bank’s stock worth $69,835,000 after buying an additional 70,865 shares during 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.