KB Financial Group (NYSE:KB) Shares Gap Up – What’s Next?

Shares of KB Financial Group Inc (NYSE:KB) gapped up before the market opened 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.

Wall Street Analysts Forecast Growth

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

KB Financial Group Stock Performance

The stock’s 50 day moving average is $105.51 and its two-hundred day moving average is $101.39. The firm has a market capitalization of $38.78 billion, a P/E ratio of 9.81, a P/E/G ratio of 0.67 and a beta of 1.01. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.64 and a quick ratio of 1.64.

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

Institutional Investors Weigh In On KB Financial Group

A number of institutional investors have recently made changes to their positions in the stock. Capital International Investors grew its stake in KB Financial Group by 12.7% in the third quarter. Capital International Investors now owns 757,168 shares of the bank’s stock valued at $62,735,000 after acquiring an additional 85,231 shares during the period. JPMorgan Chase & Co. raised its position in shares of KB Financial Group by 45.4% during the third quarter. JPMorgan Chase & Co. now owns 62,786 shares of the bank’s stock worth $5,206,000 after purchasing an additional 19,608 shares during the period. Advisory Research Inc. lifted its holdings in shares of KB Financial Group by 23.3% during the 3rd quarter. Advisory Research Inc. now owns 120,510 shares of the bank’s stock valued at $9,992,000 after purchasing an additional 22,745 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of KB Financial Group by 77.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 54,346 shares of the bank’s stock valued at $4,506,000 after purchasing an additional 23,704 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in shares of KB Financial Group in the 4th quarter valued at approximately $36,964,000. 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.