Shares of KB Financial Group Inc (NYSE:KB) traded today at $54.18, eclipsing its 52-week high. This new high was reached on below average trading volume as 63,000 shares traded hands, while the average 30-day volume is approximately 182,000 shares.
In the past 52 weeks, shares of KB Financial Group Inc have traded between a low of $38.32 and a high of $54.18 and is now at $53.98, which is 41% above that low price.
KB Financial Group Inc (NYSE:KB) defies analysts with a current price ($53.98) 21.4% above its average consensus price target of $42.45.
KB Financial is the parent company of KB Kookmin Bank, Korea’s largest commercial bank, with a 13.1% share of loans as of June 2021. 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 number-three 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.
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