KB Financial Group Inc. (NYSE:KB – Get Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $46.24, but opened at $49.73. KB Financial Group shares last traded at $49.82, with a volume of 87,830 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 13th.
View Our Latest Report on KB Financial Group
KB Financial Group Trading Up 1.8 %
KB Financial Group (NYSE:KB – Get Free Report) last posted its earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.21). KB Financial Group had a net margin of 12.94% and a return on equity of 7.72%. The company had revenue of $3.54 billion during the quarter. On average, analysts anticipate that KB Financial Group Inc. will post 9.18 EPS for the current year.
Institutional Trading of KB Financial Group
Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of KB Financial Group by 98.0% during the 1st quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock worth $36,000 after buying an additional 341 shares during the last quarter. Allworth Financial LP increased its holdings in shares of KB Financial Group by 125.1% during the 3rd quarter. Allworth Financial LP now owns 1,166 shares of the bank’s stock worth $48,000 after buying an additional 648 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in shares of KB Financial Group during the 4th quarter worth $68,000. CWM LLC increased its holdings in shares of KB Financial Group by 18.9% during the 3rd quarter. CWM LLC now owns 2,144 shares of the bank’s stock worth $88,000 after buying an additional 341 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of KB Financial Group by 47.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,490 shares of the bank’s stock worth $103,000 after buying an additional 805 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.
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.
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