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

Shares of KB Financial Group Inc. (NYSE:KB - Get Free Report) gapped up before the market opened 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 trading hands.

Analyst Ratings Changes

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

KB Financial Group Stock Up 7.9 %

The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.69. The firm has a market cap of $20.12 billion, a PE ratio of 5.66, a P/E/G ratio of 0.37 and a beta of 1.03. The business has a fifty day moving average price of $51.02 and a two-hundred day moving average price of $44.41.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.21). The firm had revenue of $3.54 billion for the quarter. KB Financial Group had a net margin of 12.94% and a return on equity of 7.72%. On average, analysts anticipate that KB Financial Group Inc. will post 9.18 EPS for the current fiscal year.

Institutional Trading of KB Financial Group

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of KB Financial Group by 98.0% in the first quarter. GAMMA Investing LLC now owns 689 shares of the bank's stock worth $36,000 after buying an additional 341 shares during the last quarter. Allworth Financial LP lifted its position in shares of KB Financial Group by 125.1% in the third quarter. Allworth Financial LP now owns 1,166 shares of the bank's stock worth $48,000 after buying an additional 648 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in shares of KB Financial Group in the fourth quarter worth about $68,000. CWM LLC lifted its position in shares of KB Financial Group by 18.9% in the third quarter. CWM LLC now owns 2,144 shares of the bank's stock worth $88,000 after buying an additional 341 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of KB Financial Group by 47.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,490 shares of the bank's stock worth $103,000 after buying an additional 805 shares during the last quarter. 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.