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

Shares of KB Financial Group Inc (NYSE:KB) 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 trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of KB Financial Group in a report on Monday, November 24th. Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, KB Financial Group presently has an average rating of “Buy”.

KB Financial Group Trading Up 4.8%

The business’s 50-day simple moving average is $83.13 and its two-hundred day simple moving average is $81.18. The firm has a market capitalization of $34.38 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.65 and a beta of 1.14. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.36.

Institutional Investors Weigh In On KB Financial Group

A number of hedge funds have recently added to or reduced their stakes in the business. Ranmore Fund Management Ltd acquired a new stake in KB Financial Group in the 1st quarter valued at about $12,746,000. Invesco Ltd. raised its holdings in shares of KB Financial Group by 508.9% in the 2nd quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock valued at $12,631,000 after purchasing an additional 127,823 shares in the last quarter. American Century Companies Inc. lifted its position in shares of KB Financial Group by 18.3% during the 2nd quarter. American Century Companies Inc. now owns 751,168 shares of the bank’s stock worth $62,039,000 after purchasing an additional 116,293 shares during the last quarter. Capital International Investors grew its stake in shares of KB Financial Group by 12.7% during the third quarter. Capital International Investors now owns 757,168 shares of the bank’s stock worth $62,735,000 after purchasing an additional 85,231 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in KB Financial Group by 82.0% in the third quarter. Two Sigma Investments LP now owns 171,025 shares of the bank’s stock valued at $14,180,000 after buying an additional 77,048 shares during the last quarter. 11.52% of the stock is currently 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.