KBC Group (OTCMKTS:KBCSY) Sees Large Volume Increase – Here’s Why

Shares of KBC Group SA (OTCMKTS:KBCSY) saw unusually-high trading volume on Thursday . Approximately 51,770 shares were traded during mid-day trading, an increase of 118% from the previous session’s volume of 23,744 shares.The stock last traded at $60.62 and had previously closed at $61.35.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup restated a “neutral” rating on shares of KBC Group in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of KBC Group in a report on Tuesday, February 24th. Zacks Research raised KBC Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Finally, Barclays cut KBC Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

KBC Group Price Performance

The stock has a market capitalization of $49.18 billion, a P/E ratio of 11.87, a PEG ratio of 0.91 and a beta of 0.55. The stock’s fifty day moving average is $67.29 and its two-hundred day moving average is $63.34.

KBC Group (OTCMKTS:KBCSY) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.64 billion. KBC Group had a return on equity of 13.89% and a net margin of 15.70%. Analysts expect that KBC Group SA will post 4.28 EPS for the current year.

KBC Group Company Profile

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.