KB Financial Group (NYSE:KB) Shares Gap Up to $46.24

Shares of KB Financial Group Inc. (NYSE:KB) gapped up prior to trading on Monday . The stock had previously closed at $46.24, but opened at $49.73. KB Financial Group shares last traded at $49.82, with a volume of 87,830 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th.

KB Financial Group Stock Performance

The company has a quick ratio of 1.69, a current ratio of 1.67 and a debt-to-equity ratio of 2.36. The business has a fifty day simple moving average of $50.99 and a two-hundred day simple moving average of $44.54. The company has a market cap of $20.51 billion, a P/E ratio of 5.76, a P/E/G ratio of 0.40 and a beta of 1.04.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Wednesday, March 6th. The bank reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.21). The company had revenue of $3.54 billion during the quarter. KB Financial Group had a return on equity of 7.72% and a net margin of 12.94%. On average, sell-side analysts anticipate that KB Financial Group Inc. will post 9.18 EPS for the current year.

Institutional Trading of KB Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of KB Financial Group by 98.0% during the first quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock worth $36,000 after purchasing an additional 341 shares in the last quarter. Allworth Financial LP grew its position in shares of KB Financial Group by 125.1% during the third quarter. Allworth Financial LP now owns 1,166 shares of the bank’s stock worth $48,000 after purchasing an additional 648 shares in the last quarter. Tucker Asset Management LLC purchased a new stake in shares of KB Financial Group during the fourth quarter worth about $68,000. CWM LLC grew its position in shares of KB Financial Group by 18.9% during the third quarter. CWM LLC now owns 2,144 shares of the bank’s stock worth $88,000 after purchasing an additional 341 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of KB Financial Group by 47.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,490 shares of the bank’s stock worth $103,000 after purchasing an additional 805 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 provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.