KB Financial Group (NYSE:KB) Stock Price Up 4.3%

KB Financial Group Inc. (NYSE:KB) shares rose 4.3% during mid-day trading on Friday . The company traded as high as $63.23 and last traded at $63.07. Approximately 25,362 shares changed hands during trading, a decline of 87% from the average daily volume of 197,229 shares. The stock had previously closed at $60.49.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th.

KB Financial Group Stock Performance

The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.65 and a current ratio of 1.65. The business’s fifty day simple moving average is $56.83 and its 200-day simple moving average is $50.30. The firm has a market capitalization of $25.50 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 0.45 and a beta of 1.00.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Thursday, May 16th. The bank reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.07. KB Financial Group had a net margin of 11.65% and a return on equity of 6.97%. The business had revenue of $3.64 billion during the quarter. As a group, equities research analysts expect that KB Financial Group Inc. will post 9.23 EPS for the current year.

Institutional Investors Weigh In On KB Financial Group

A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in shares of KB Financial Group by 98.0% during the 1st quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock valued at $36,000 after acquiring an additional 341 shares during the last quarter. Tucker Asset Management LLC bought a new position in shares of KB Financial Group during the 4th quarter valued at approximately $68,000. CWM LLC boosted its position in shares of KB Financial Group by 12.4% during the 4th quarter. CWM LLC now owns 2,409 shares of the bank’s stock valued at $100,000 after acquiring an additional 265 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of KB Financial Group by 47.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,490 shares of the bank’s stock valued at $103,000 after acquiring an additional 805 shares during the last quarter. Finally, Barometer Capital Management Inc. bought a new position in shares of KB Financial Group during the 4th quarter valued at approximately $120,000. 11.52% of the stock is 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.