KB Financial Group (NYSE:KB) Share Price Crosses Above Fifty Day Moving Average of $38.33

KB Financial Group, Inc. (NYSE:KB) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $38.33 and traded as high as $39.60. KB Financial Group shares last traded at $39.58, with a volume of 18,163 shares trading hands.

KB has been the topic of a number of recent research reports. CLSA upgraded shares of KB Financial Group from an “underperform” rating to an “outperform” rating in a research report on Wednesday, March 27th. Goldman Sachs Group initiated coverage on shares of KB Financial Group in a research report on Sunday, March 31st. They set a “buy” rating on the stock. Finally, Zacks Investment Research cut shares of KB Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target 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 stock’s 50-day moving average is $38.33. The firm has a market cap of $15.65 billion, a price-to-earnings ratio of 5.89, a P/E/G ratio of 1.93 and a beta of 0.79.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results 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 business had revenue of $2.49 billion for the quarter. As a group, sell-side analysts anticipate that KB Financial Group, Inc. will post 6.59 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC grew its holdings in shares of KB Financial Group by 807.9% in the first 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 last quarter. Trinity Street Asset Management LLP grew its holdings in shares of KB Financial Group by 1.1% in the first quarter. Trinity Street Asset Management LLP now owns 1,275,663 shares of the bank’s stock worth $47,276,000 after purchasing an additional 13,798 shares during the last quarter. Thomas White International Ltd. grew its holdings in shares of KB Financial Group by 40.3% in the first quarter. Thomas White International Ltd. now owns 194,570 shares of the bank’s stock worth $7,211,000 after purchasing an additional 55,858 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of KB Financial Group in the first quarter worth approximately $2,844,000. Finally, River & Mercantile Asset Management LLP grew its holdings in shares of KB Financial Group by 40.2% in the fourth quarter. River & Mercantile Asset Management LLP now owns 76,700 shares of the bank’s stock worth $3,219,000 after purchasing an additional 22,000 shares during the last quarter. Institutional investors and hedge funds own 6.56% of the company’s stock.

KB Financial Group Company Profile (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.

Further Reading: Understanding Analyst Recommendations

Receive News & Ratings for KB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.