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KB Financial Group Inc ADR (KB) – Don’t Be So Quick to Call it Dead

KB Financial Group Inc ADR (NYSE: KB) is 45.71% higher on its value in year-to-date trading and has touched a low of $36.57 and a high of $72.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KB stock was last observed hovering at around $67.28 in the last trading session, with the day’s loss setting it -7.0%.

Currently trading at $60.28, the stock is -9.97% and -9.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing -10.40% at the moment leaves the stock 1.33% off its SMA200. KB registered 54.25% gain for a year compared to 6-month gain of 7.05%. The firm has a 50-day simple moving average (SMA 50) of $66.3976 and a 200-day simple moving average (SMA200) of $59.431.

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The stock witnessed a -9.27% loss in the last 1 month and extending the period to 3 months gives it a -2.16%, and is -14.85% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.41% over the week and 1.53% over the month.

KB Financial Group Inc ADR (KB) has around 152 employees, a market worth around $22.74B and $37.18B in sales. Current P/E ratio is 7.03 and Fwd P/E is 5.70. Profit margin for the company is 8.83%. Distance from 52-week low is 64.83% and -17.30% from its 52-week high. The company has generated returns on investments over the last 12 months (3.96%).

The EPS is expected to grow by 13.04% this year

The shares outstanding are 377.22M, and float is at 377.10M with Short Float at 0.10%.

The top institutional shareholder in the company is DIMENSIONAL FUND ADVISORS LP with over 2.53 million shares valued at $142.94 million. The investor’s holdings represent 0.6626 of the KB Shares outstanding. As of 2024-06-30, the second largest holder is TRINITY STREET ASSET MANAGEMENT LLP with 1.66 million shares valued at $94.24 million to account for 0.4207 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 1.57 million shares representing 0.4126 and valued at over $89.02 million, while LAZARD ASSET MANAGEMENT LLC holds 0.3941 of the shares totaling 1.5 million with a market value of $85.01 million.

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