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

Shares of KB Financial Group Inc. (NYSE:KB - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $72.28 and last traded at $72.28, with a volume of 68929 shares. The stock had previously closed at $66.96.

Wall Street Analyst Weigh In

Separately, StockNews.com cut KB Financial Group from a "buy" rating to a "hold" rating in a report on Saturday, October 12th.

KB Financial Group Stock Performance

The firm has a fifty day moving average price of $64.15 and a 200 day moving average price of $59.54. The firm has a market capitalization of $29.13 billion, a PE ratio of 9.00, a P/E/G ratio of 0.45 and a beta of 0.98. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67.

KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $2.70 by $0.36. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. The firm had revenue of $3.18 billion during the quarter. Research analysts anticipate that KB Financial Group Inc. will post 9.4 earnings per share for the current fiscal year.

Institutional Trading of KB Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. grew its position in KB Financial Group by 7.1% in the second quarter. American Century Companies Inc. now owns 511,542 shares of the bank's stock worth $28,958,000 after acquiring an additional 33,900 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in KB Financial Group by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank's stock worth $19,267,000 after buying an additional 64,000 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of KB Financial Group by 3.9% in the second quarter. Acadian Asset Management LLC now owns 267,625 shares of the bank's stock worth $15,146,000 after buying an additional 10,014 shares during the last quarter. Capital International Investors boosted its stake in shares of KB Financial Group by 8.2% during the 1st quarter. Capital International Investors now owns 254,968 shares of the bank's stock worth $13,276,000 after acquiring an additional 19,260 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of KB Financial Group by 4.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 165,691 shares of the bank's stock worth $9,380,000 after acquiring an additional 7,809 shares in the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

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.