KB Financial Group (NYSE:KB) Shares Gap Up – Time to Buy?

KB Financial Group Inc. (NYSE:KB)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $67.25, but opened at $70.23. KB Financial Group shares last traded at $70.58, with a volume of 47,143 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday.

KB Financial Group Stock Down 2.6 %

The firm has a 50 day moving average price of $63.19 and a 200-day moving average price of $58.81. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.33. The firm has a market cap of $27.50 billion, a PE ratio of 8.51, a PEG ratio of 0.45 and a beta of 0.98.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 EPS for the quarter, topping the consensus estimate of $2.70 by $0.36. The company had revenue of $3.18 billion during the quarter. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. Research analysts forecast that KB Financial Group Inc. will post 9.4 EPS for the current fiscal year.

Institutional Investors Weigh In On KB Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of KB. American Century Companies Inc. increased its position in shares of KB Financial Group by 7.1% during the second quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock worth $28,958,000 after purchasing an additional 33,900 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in KB Financial Group by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank’s stock worth $19,267,000 after buying an additional 64,000 shares during the last quarter. Acadian Asset Management LLC increased its position in KB Financial Group by 3.9% during the second quarter. Acadian Asset Management LLC now owns 267,625 shares of the bank’s stock worth $15,146,000 after buying an additional 10,014 shares during the period. Capital International Investors boosted its holdings in shares of KB Financial Group by 8.2% in the first quarter. Capital International Investors now owns 254,968 shares of the bank’s stock valued at $13,276,000 after acquiring an additional 19,260 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of KB Financial Group by 4.9% during the second quarter. Envestnet Asset Management Inc. now owns 165,691 shares of the bank’s stock worth $9,380,000 after acquiring an additional 7,809 shares during the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

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.