KB Financial Group (NYSE:KB) Shares Gap Up – Time to Buy?

KB Financial Group Inc (NYSE:KB) shares gapped up prior to trading on Thursday . The stock had previously closed at $102.58, but opened at $108.70. KB Financial Group shares last traded at $109.6410, with a volume of 24,799 shares changing hands.

Analyst Upgrades and Downgrades

KB has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of KB Financial Group in a research report on Wednesday. Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, KB Financial Group has a consensus rating of “Moderate Buy”.

KB Financial Group Trading Up 6.5%

The business’s 50 day simple moving average is $105.42 and its two-hundred day simple moving average is $101.16. The stock has a market cap of $38.75 billion, a P/E ratio of 9.80, a PEG ratio of 0.64 and a beta of 1.01. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. The company had revenue of $3.49 billion during the quarter. KB Financial Group had a return on equity of 9.99% and a net margin of 17.36%. As a group, analysts expect that KB Financial Group Inc will post 11.93 EPS for the current year.

Institutional Trading of KB Financial Group

A number of hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its stake in shares of KB Financial Group by 131.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock valued at $35,000 after buying an additional 229 shares during the period. Kestra Advisory Services LLC bought a new position in KB Financial Group in the 4th quarter valued at approximately $39,000. Bell Investment Advisors Inc boosted its position in KB Financial Group by 29.3% during the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after buying an additional 108 shares during the period. First Horizon Corp grew its holdings in KB Financial Group by 36.2% during the 1st quarter. First Horizon Corp now owns 489 shares of the bank’s stock worth $49,000 after acquiring an additional 130 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in KB Financial Group by 90.0% during the 1st quarter. V Square Quantitative Management LLC now owns 496 shares of the bank’s stock worth $49,000 after acquiring an additional 235 shares during the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.