KB Financial Group (NYSE:KB) Hits New 52-Week Low at $32.18

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.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Wednesday, May 15th. The bank reported $1.89 earnings per share for the quarter. The company had revenue of $2.49 billion for the quarter. KB Financial Group had a return on equity of 8.36% and a net margin of 17.98%. As a group, sell-side analysts predict that KB Financial Group, Inc. will post 6.59 EPS for the current fiscal year.

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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