KB Financial Group (NYSE:KB) Shares Gap Up to $53.71

KB Financial Group Inc. (NYSE:KB - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $53.71, but opened at $56.20. KB Financial Group shares last traded at $56.10, with a volume of 70,688 shares traded.

Analyst Ratings Changes

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

KB Financial Group Price Performance

The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.36. The business's fifty day moving average is $52.02 and its 200 day moving average is $45.41. The company has a market cap of $22.68 billion, a P/E ratio of 6.37, a PEG ratio of 0.40 and a beta of 1.01.

KB Financial Group (NYSE:KB - Get Free Report) last issued its earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.21). The firm had revenue of $3.54 billion during the quarter. KB Financial Group had a net margin of 12.94% and a return on equity of 7.78%. As a group, sell-side analysts anticipate that KB Financial Group Inc. will post 9.32 EPS for the current 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. Raymond James & Associates purchased a new stake in KB Financial Group during the 3rd quarter valued at $6,025,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of KB Financial Group in the 3rd quarter worth approximately $234,000. Advisor Partners II LLC boosted its holdings in KB Financial Group by 17.7% in the third quarter. Advisor Partners II LLC now owns 28,696 shares of the bank's stock valued at $1,180,000 after acquiring an additional 4,310 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in KB Financial Group by 4.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 50,747 shares of the bank's stock valued at $2,086,000 after purchasing an additional 2,365 shares during the period. Finally, Fifth Third Bancorp raised its holdings in KB Financial Group by 26.7% in the 3rd quarter. Fifth Third Bancorp now owns 15,195 shares of the bank's stock worth $625,000 after purchasing an additional 3,203 shares in the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

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.