Shares of KB Financial Group Inc. (NYSE:KB) gapped up prior to trading on Wednesday . The stock had previously closed at $33.79, but opened at $34.03. KB Financial Group shares last traded at $34.61, with a volume of 35,909 shares traded.

A number of research firms recently weighed in on KB. Zacks Investment Research lowered shares of KB Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. TheStreet raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th. Finally, Citigroup Inc. raised shares of KB Financial Group from a “neutral” rating to a “buy” rating in a research report on Thursday, July 21st.

The company has a market cap of $13.22 billion, a price-to-earnings ratio of 8.09 and a beta of 1.60. The company has a 50-day moving average price of $34.20 and a 200 day moving average price of $30.25.

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Several hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in KB Financial Group by 4,191.6% in the second quarter. Signaturefd LLC now owns 4,077 shares of the company’s stock worth $116,000 after buying an additional 3,982 shares in the last quarter. US Bancorp DE raised its position in KB Financial Group by 12.1% in the second quarter. US Bancorp DE now owns 4,211 shares of the company’s stock worth $120,000 after buying an additional 454 shares during the last quarter. Citigroup Inc. raised its position in KB Financial Group by 30.4% in the second quarter. Citigroup Inc. now owns 5,570 shares of the company’s stock worth $158,000 after buying an additional 1,300 shares during the last quarter. Aviva PLC raised its position in KB Financial Group by 8.9% in the second quarter. Aviva PLC now owns 8,068 shares of the company’s stock worth $229,000 after buying an additional 660 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in KB Financial Group by 29.7% in the second quarter. Ameriprise Financial Inc. now owns 11,088 shares of the company’s stock worth $315,000 after buying an additional 2,541 shares during the last quarter. 7.02% of the stock is owned by institutional investors and hedge funds.

About KB Financial Group

5 Day Chart for NYSE:KB

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