KB Financial Group (NYSE:KB) Shares Gap Up - What's Next?

KB Financial Group Inc. (NYSE:KB - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $73.33, but opened at $78.77. KB Financial Group shares last traded at $80.07, with a volume of 48,366 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st.

KB Financial Group Stock Down 0.1%

The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market capitalization of $30.69 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 0.52 and a beta of 1.05. The firm has a 50-day moving average price of $63.23 and a two-hundred day moving average price of $60.64.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG acquired a new position in shares of KB Financial Group during the 4th quarter worth about $1,149,000. D. E. Shaw & Co. Inc. raised its holdings in KB Financial Group by 40.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 18,949 shares of the bank's stock worth $1,078,000 after acquiring an additional 5,427 shares in the last quarter. Vise Technologies Inc. boosted its position in KB Financial Group by 253.1% during the fourth quarter. Vise Technologies Inc. now owns 21,208 shares of the bank's stock valued at $1,207,000 after purchasing an additional 15,202 shares during the last quarter. Raymond James Financial Inc. bought a new position in KB Financial Group in the fourth quarter valued at approximately $7,301,000. Finally, HighTower Advisors LLC acquired a new position in shares of KB Financial Group during the 4th quarter worth approximately $933,000. Institutional investors and hedge funds 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.