KB Financial Group Inc. (NYSE:KB - Get Free Report)'s share price gapped up prior to trading 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.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on KB. StockNews.com raised KB Financial Group from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Morgan Stanley upgraded shares of KB Financial Group from an "equal weight" rating to an "overweight" rating in a research report on Thursday, December 12th.
Get Our Latest Analysis on KB Financial Group
KB Financial Group Stock Up 0.1 %
The business has a 50 day simple moving average of $66.10 and a 200 day simple moving average of $62.78. The company has a market capitalization of $22.97 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 0.53 and a beta of 0.96. 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
Several hedge funds have recently bought and sold shares of the company. CWM LLC lifted its holdings in KB Financial Group by 5.7% during the 3rd quarter. CWM LLC now owns 2,851 shares of the bank's stock worth $176,000 after buying an additional 155 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of KB Financial Group by 3.0% in the second quarter. EverSource Wealth Advisors LLC now owns 6,496 shares of the bank's stock valued at $368,000 after acquiring an additional 192 shares in the last quarter. Adero Partners LLC boosted its holdings in KB Financial Group by 4.2% in the second quarter. Adero Partners LLC now owns 4,802 shares of the bank's stock valued at $272,000 after purchasing an additional 193 shares during the period. Bleakley Financial Group LLC grew its stake in KB Financial Group by 1.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 13,248 shares of the bank's stock worth $818,000 after purchasing an additional 208 shares in the last quarter. Finally, Thornburg Investment Management Inc. increased its holdings in KB Financial Group by 1.7% during the 2nd quarter. Thornburg Investment Management Inc. now owns 14,239 shares of the bank's stock worth $848,000 after purchasing an additional 242 shares during the period. Institutional investors and hedge funds own 11.52% of the company's stock.
KB Financial Group Company Profile
(
Get Free Report)
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.
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