Shares of KB Financial Group, Inc. (NYSE:KB) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $38.13 and traded as low as $37.47. KB Financial Group shares last traded at $37.91, with a volume of 3,499 shares trading hands.
KB has been the topic of several analyst reports. CLSA raised Woori Financial Group from an “outperform” rating to a “buy” rating in a research note on Wednesday, March 27th. Goldman Sachs Group raised shares of Energizer from a “neutral” rating to a “buy” rating and increased their target price for the stock from $48.00 to $60.00 in a research note on Sunday, March 31st. Finally, Zacks Investment Research raised shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.00.
The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.31. The company has a market cap of $14.76 billion, a PE ratio of 5.40, a P/E/G ratio of 1.82 and a beta of 0.80. The business’s 50 day simple moving average is $38.06.
KB Financial Group (NYSE:KB) last posted its quarterly earnings data on Wednesday, May 15th. The bank reported $1.89 EPS for the quarter. KB Financial Group had a net margin of 17.98% and a return on equity of 8.36%. The firm had revenue of $2.49 billion for the quarter. Equities analysts anticipate that KB Financial Group, Inc. will post 6.59 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rehmann Capital Advisory Group grew its holdings in KB Financial Group by 32.7% during the 1st quarter. Rehmann Capital Advisory Group now owns 5,675 shares of the bank’s stock worth $210,000 after acquiring an additional 1,400 shares during the last quarter. Marshall Wace LLP bought a new position in KB Financial Group in the 1st quarter worth about $34,000. Lazard Asset Management LLC boosted its stake in KB Financial Group by 807.9% in the 1st quarter. Lazard Asset Management LLC now owns 2,264,058 shares of the bank’s stock worth $83,905,000 after purchasing an additional 2,014,691 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in KB Financial Group by 89.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,284 shares of the bank’s stock worth $233,000 after purchasing an additional 2,959 shares during the period. Finally, Wetherby Asset Management Inc. boosted its stake in KB Financial Group by 4.3% in the 1st quarter. Wetherby Asset Management Inc. now owns 25,250 shares of the bank’s stock worth $936,000 after purchasing an additional 1,037 shares during the period. Hedge funds and other institutional investors own 6.56% of the company’s stock.
About KB Financial Group (NYSE:KB)
KB Financial Group Inc, a financial holding company, provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.
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