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

Shares of KB Financial Group Inc (NYSE:KB) gapped up before the market opened on Friday. The stock had previously closed at $113.39, but opened at $118.73. KB Financial Group shares last traded at $117.61, with a volume of 27,121 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KB shares. Weiss Ratings lowered KB Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, October 26th. Zacks Research upgraded KB Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

KB Financial Group Stock Performance

The stock has a market capitalization of $41.60 billion, a PE ratio of 10.07, a P/E/G ratio of 0.66 and a beta of 1.09. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.64 and a quick ratio of 1.64. The business’s fifty day moving average price is $121.47 and its 200-day moving average price is $112.27.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Friday, August 14th. The bank reported $3.67 EPS for the quarter, beating the consensus estimate of $3.51 by $0.16. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.45 billion. KB Financial Group had a net margin of 17.67% and a return on equity of 10.11%. As a group, equities research analysts expect that KB Financial Group Inc will post 13.85 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. First Trust Advisors LP increased its holdings in shares of KB Financial Group by 72.7% in the first quarter. First Trust Advisors LP now owns 20,297 shares of the bank’s stock worth $2,024,000 after purchasing an additional 8,546 shares during the period. Calamos Advisors LLC bought a new stake in KB Financial Group during the first quarter valued at $3,842,000. Cetera Investment Advisers boosted its stake in KB Financial Group by 127.8% during the first quarter. Cetera Investment Advisers now owns 23,461 shares of the bank’s stock valued at $2,340,000 after buying an additional 13,164 shares during the period. Artemis Investment Management LLP boosted its stake in KB Financial Group by 202.5% during the third quarter. Artemis Investment Management LLP now owns 36,202 shares of the bank’s stock valued at $4,456,000 after buying an additional 24,234 shares during the period. Finally, Nykredit A S purchased a new position in KB Financial Group during the second quarter worth about $10,926,000. 11.52% of the stock is owned by institutional investors.

KB Financial Group Company Profile

KB Financial Group Inc. is a South Korean financial holding company headquartered in Seoul. Established in 2008, it brings together businesses serving individual, corporate and institutional customers, with operations centered primarily in South Korea and an international presence through overseas offices and subsidiaries. Its businesses include commercial and retail banking through KB Kookmin Bank, as well as securities and investment banking, insurance, credit cards, asset management, and consumer and corporate finance.