KB Financial Group (NYSE:KB) Shares Gap Up – Should You Buy?

KB Financial Group Inc. (NYSE:KB)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $58.32, but opened at $60.25. KB Financial Group shares last traded at $60.18, with a volume of 35,507 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th.

KB Financial Group Stock Up 1.5 %

The stock has a market cap of $23.30 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 0.53 and a beta of 0.96. The firm’s fifty day moving average price is $65.83 and its two-hundred day moving average price is $62.73. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66.

Hedge Funds Weigh In On KB Financial Group

Large investors have recently modified their holdings of the company. BOCHK Asset Management Ltd acquired a new position in KB Financial Group during the 3rd quarter valued at about $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of KB Financial Group during the third quarter valued at approximately $35,000. Benjamin F. Edwards & Company Inc. grew its holdings in KB Financial Group by 66.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock worth $44,000 after buying an additional 310 shares in the last quarter. Venturi Wealth Management LLC raised its position in KB Financial Group by 2,427.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock valued at $67,000 after buying an additional 1,044 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in KB Financial Group by 36.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,279 shares of the bank’s stock valued at $79,000 after acquiring an additional 345 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors.

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.