Shares of KB Financial Group Inc (NYSE:KB) traded today at $45.72, eclipsing its 52-week high. So far today approximately 172,000 shares have been exchanged, as compared to an average 30-day volume of 226,000 shares.
KB Financial is the parent company of KB Kookmin Bank, Korea’s largest commercial bank, with a 13.5% share of loans as of September 2020. Its predecessor banks were established in the 1960s as government policy banks and privatized in the 1990s. Its credit card subsidiary KB Kookmin Card is the No. 3 player behind Shinhan Card and Samsung Card. KB has in recent years expanded its nonbank business by buying LIG Insurance and Hyundai Securities, making KB a top-five player in nonlife insurance and in securities, and most recently by buying Prudential Life Insurance Korea. It also has KB Capital, which provides leasing and installment finance.
In the past 52 weeks, shares of KB Financial Group Inc have traded between a low of $20.93 and a high of $45.72 and is now at $44.65, which is 113% above that low price.
Based on a current price of $44.65, KB Financial Group Inc is currently 10.6% above its average consensus analyst price target of $39.93.
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