KB Financial Group (NYSE:KB) Shares Gap Up – Here’s What Happened

KB Financial Group Inc (NYSE:KB)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $85.98, but opened at $89.93. KB Financial Group shares last traded at $89.81, with a volume of 25,818 shares changing hands.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of KB Financial Group in a research report on Monday. Wall Street Zen lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

KB Financial Group Price Performance

The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.65 and a current ratio of 1.65. The business’s fifty day simple moving average is $83.45 and its 200 day simple moving average is $81.40. The stock has a market cap of $33.28 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.11.

Hedge Funds Weigh In On KB Financial Group

Institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers grew its position in shares of KB Financial Group by 37.2% during the first quarter. Cetera Investment Advisers now owns 5,159 shares of the bank’s stock worth $279,000 after buying an additional 1,400 shares in the last quarter. US Bancorp DE boosted its stake in KB Financial Group by 1.3% during the 1st quarter. US Bancorp DE now owns 20,442 shares of the bank’s stock valued at $1,106,000 after acquiring an additional 272 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in KB Financial Group during the 1st quarter worth $527,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of KB Financial Group by 3.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 844,377 shares of the bank’s stock worth $45,689,000 after purchasing an additional 28,484 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of KB Financial Group by 2.1% in the 1st quarter. Invesco Ltd. now owns 25,116 shares of the bank’s stock valued at $1,359,000 after purchasing an additional 520 shares in the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

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.