KB Financial Group, Inc. (NYSE:KB) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $32.18 and last traded at $32.30, with a volume of 19087 shares trading hands. The stock had previously closed at $33.12.
Separately, Zacks Investment Research raised KB Financial Group from a “strong sell” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Saturday, July 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $51.00.
The stock has a market capitalization of $13.54 billion, a P/E ratio of 4.65, a PEG ratio of 1.67 and a beta of 0.84. The business has a 50 day simple moving average of $37.58. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.31.
Hedge funds have recently modified their holdings of the stock. Berman Capital Advisors LLC grew its stake in shares of KB Financial Group by 93.3% in the second quarter. Berman Capital Advisors LLC now owns 638 shares of the bank’s stock worth $25,000 after acquiring an additional 308 shares during the last quarter. Nordea Investment Management AB bought a new position in shares of KB Financial Group during the fourth quarter valued at $32,000. Marshall Wace LLP bought a new position in shares of KB Financial Group during the first quarter valued at $34,000. Shine Investment Advisory Services Inc. lifted its holdings in shares of KB Financial Group by 60.7% during the first quarter. Shine Investment Advisory Services Inc. now owns 988 shares of the bank’s stock valued at $37,000 after purchasing an additional 373 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in shares of KB Financial Group by 43.0% during the second quarter. Lindbrook Capital LLC now owns 1,025 shares of the bank’s stock valued at $40,000 after purchasing an additional 308 shares in the last quarter. 6.54% of the stock is currently owned by institutional investors.
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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