KB Financial Group (NYSE:KB) Shares Gap Up to $46.29

KB Financial Group Inc. (NYSE:KBGet Rating)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $46.29, but opened at $47.48. KB Financial Group shares last traded at $47.42, with a volume of 2,706 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a report on Friday, November 25th.

KB Financial Group Trading Down 2.2 %

The firm has a market capitalization of $18.92 billion, a price-to-earnings ratio of 5.05, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.88. The business’s fifty day moving average is $40.19 and its 200 day moving average is $36.88.

KB Financial Group (NYSE:KBGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The bank reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.04. KB Financial Group had a return on equity of 13.14% and a net margin of 20.82%. The company had revenue of $3.12 billion for the quarter. Equities analysts predict that KB Financial Group Inc. will post 8.51 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its stake in shares of KB Financial Group by 156.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 625 shares of the bank’s stock worth $31,000 after buying an additional 381 shares during the last quarter. Ronald Blue Trust Inc. bought a new stake in KB Financial Group during the second quarter worth about $47,000. JBF Capital Inc. acquired a new position in KB Financial Group during the second quarter valued at approximately $74,000. Captrust Financial Advisors grew its stake in KB Financial Group by 38.4% in the second quarter. Captrust Financial Advisors now owns 2,698 shares of the bank’s stock valued at $100,000 after purchasing an additional 748 shares in the last quarter. Finally, Solstein Capital LLC acquired a new position in shares of KB Financial Group during the 2nd quarter worth approximately $104,000. Institutional investors own 5.80% of the company’s stock.

KB Financial Group Company Profile

(Get Rating)

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. The company operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.

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