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

KB Financial Group Inc. (NYSE:KB - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $61.67, but opened at $64.25. KB Financial Group shares last traded at $64.45, with a volume of 43,381 shares traded.

Analyst Ratings Changes

Separately, StockNews.com downgraded KB Financial Group from a "buy" rating to a "hold" rating in a research report on Thursday.

KB Financial Group Stock Up 3.8 %

The firm has a market cap of $25.84 billion, a PE ratio of 8.00, a PEG ratio of 0.44 and a beta of 0.98. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.67 and a current ratio of 1.67. The company's 50-day simple moving average is $62.56 and its two-hundred day simple moving average is $58.23.

KB Financial Group (NYSE:KB - Get Free Report) last posted its earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, topping analysts' consensus estimates of $2.70 by $0.36. The company had revenue of $3.18 billion during the quarter. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. On average, analysts predict that KB Financial Group Inc. will post 9.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KB Financial Group

Hedge funds have recently made changes to their positions in the business. Barometer Capital Management Inc. bought a new stake in shares of KB Financial Group during the 4th quarter valued at about $120,000. V Square Quantitative Management LLC bought a new stake in KB Financial Group during the 4th quarter valued at approximately $930,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of KB Financial Group by 12.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 306,030 shares of the bank's stock worth $12,660,000 after acquiring an additional 33,300 shares during the period. Virtu Financial LLC purchased a new position in shares of KB Financial Group in the 4th quarter valued at approximately $221,000. Finally, Tucker Asset Management LLC purchased a new position in shares of KB Financial Group in the 4th quarter valued at approximately $68,000. 11.52% of the stock is owned by hedge funds and other institutional investors.

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.