KB Financial Group (NYSE:KB) Shares Gap Up to $58.95

KB Financial Group Inc. (NYSE:KB) gapped up prior to trading on Friday . The stock had previously closed at $58.95, but opened at $62.17. KB Financial Group shares last traded at $61.83, with a volume of 31,411 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th.

KB Financial Group Price Performance

The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a 50 day moving average price of $62.41 and a two-hundred day moving average price of $57.04. The firm has a market capitalization of $24.69 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 0.41 and a beta of 0.99.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.36. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. The business had revenue of $3.18 billion during the quarter. As a group, analysts expect that KB Financial Group Inc. will post 9.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KB. QRG Capital Management Inc. grew its stake in KB Financial Group by 50.7% during the 4th quarter. QRG Capital Management Inc. now owns 11,958 shares of the bank’s stock worth $495,000 after purchasing an additional 4,023 shares in the last quarter. Quadrant Capital Group LLC grew its stake in KB Financial Group by 1.4% during the 4th quarter. Quadrant Capital Group LLC now owns 27,673 shares of the bank’s stock worth $1,145,000 after purchasing an additional 386 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of KB Financial Group by 17.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,794 shares of the bank’s stock worth $240,000 after acquiring an additional 870 shares in the last quarter. US Bancorp DE boosted its position in shares of KB Financial Group by 47.7% during the 4th quarter. US Bancorp DE now owns 21,303 shares of the bank’s stock worth $881,000 after acquiring an additional 6,877 shares in the last quarter. Finally, Team Hewins LLC purchased a new position in shares of KB Financial Group in the 4th quarter valued at about $333,000. 11.52% of the stock is owned by institutional investors and hedge funds.

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.