KB Financial Group (NYSE:KB) Shares Gap Up - Still a Buy?

KB Financial Group Inc. (NYSE:KB - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $61.50, but opened at $65.19. KB Financial Group shares last traded at $64.40, with a volume of 64,132 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded KB Financial Group from a "buy" rating to a "hold" rating in a report on Monday, April 28th.

KB Financial Group Stock Performance

The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market cap of $26.24 billion, a P/E ratio of 7.77, a P/E/G ratio of 0.52 and a beta of 0.98. The business's 50-day moving average price is $55.95 and its 200-day moving average price is $59.94.

KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing analysts' consensus estimates of $3.04 by ($0.02). KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $4.45 billion. As a group, sell-side analysts expect that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KB Financial Group

Large investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of KB Financial Group during the 3rd quarter valued at $35,000. Bruce G. Allen Investments LLC boosted its stake in shares of KB Financial Group by 141.8% in the first quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock worth $50,000 after acquiring an additional 543 shares during the period. Tower Research Capital LLC TRC grew its position in shares of KB Financial Group by 659.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock worth $137,000 after purchasing an additional 2,097 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its stake in KB Financial Group by 5.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock valued at $198,000 after purchasing an additional 168 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in KB Financial Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after purchasing an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company's stock.

KB Financial Group Company Profile

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.