KB Financial Group (NYSE:KB) Shares Gap Up – Should You Buy?

KB Financial Group Inc (NYSE:KB)’s share price gapped up prior to trading on Friday . The stock had previously closed at $126.55, but opened at $132.49. KB Financial Group shares last traded at $132.1910, with a volume of 11,319 shares changing hands.

Wall Street Analysts Forecast Growth

KB has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of KB Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

KB Financial Group Trading Up 4.2%

The business has a fifty day moving average price of $120.31 and a 200 day moving average price of $110.51. The company has a market capitalization of $46.78 billion, a PE ratio of 11.33, a P/E/G ratio of 0.76 and a beta of 1.02. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.64 and a current ratio of 1.64.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Friday, August 14th. The bank reported $3.67 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.16. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%.The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.45 billion. Analysts expect that KB Financial Group Inc will post 12.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC acquired a new position in KB Financial Group in the first quarter worth about $300,000. Dynamic Technology Lab Private Ltd acquired a new stake in KB Financial Group in the 1st quarter valued at approximately $259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of KB Financial Group by 53.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank’s stock valued at $5,230,000 after purchasing an additional 33,650 shares during the period. Jane Street Group LLC raised its position in shares of KB Financial Group by 64.3% during the 1st quarter. Jane Street Group LLC now owns 26,136 shares of the bank’s stock worth $1,414,000 after buying an additional 10,225 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in KB Financial Group by 66.4% during the second quarter. Cetera Investment Advisers now owns 8,584 shares of the bank’s stock worth $709,000 after purchasing an additional 3,425 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

About KB Financial Group

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group operates through a network of subsidiaries that provide banking, securities, insurance, asset management, credit card, consumer finance and other financial services to individuals, businesses and institutional clients.

Its principal subsidiary, KB Kookmin Bank, offers deposit accounts, lending, wealth management, foreign exchange, payments and corporate banking services.