KB Financial Group (NYSE:KB) Shares Gap Up – Still a Buy?

Shares of KB Financial Group Inc. (NYSE:KB) gapped up prior to trading on Wednesday . The stock had previously closed at $65.85, but opened at $68.20. KB Financial Group shares last traded at $67.63, with a volume of 36,625 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

KB Financial Group Stock Performance

The company’s 50-day moving average price is $65.09 and its 200 day moving average price is $61.77. The stock has a market capitalization of $27.20 billion, a PE ratio of 8.06, a PEG ratio of 0.58 and a beta of 0.97. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KB. CWM LLC increased its holdings in shares of KB Financial Group by 5.7% during the third quarter. CWM LLC now owns 2,851 shares of the bank’s stock valued at $176,000 after acquiring an additional 155 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 worth $368,000 after buying an additional 192 shares in the last quarter. Adero Partners LLC increased its position in shares of KB Financial Group by 4.2% during the second quarter. Adero Partners LLC now owns 4,802 shares of the bank’s stock valued at $272,000 after acquiring an additional 193 shares in the last quarter. Bleakley Financial Group LLC boosted 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 valued at $818,000 after purchasing an additional 208 shares during the last quarter. Finally, Thornburg Investment Management Inc. boosted its stake 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 valued at $848,000 after purchasing an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

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.