KB Financial Group (NYSE:KB) Shares Gap Up to $37.69

Posted by Defense World Staff on Jul 16th, 2023

Shares of KB Financial Group Inc. (NYSE:KB – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $37.69, but opened at $38.60. KB Financial Group shares last traded at $38.44, with a volume of 16,403 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of KB Financial Group in a research note on Thursday, May 18th. They set a “buy” rating for the company.

KB Financial Group Stock Performance

The company has a debt-to-equity ratio of 2.43, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $15.44 billion, a P/E ratio of 4.58, a P/E/G ratio of 0.43 and a beta of 0.94. The stock’s 50 day moving average is $37.06 and its two-hundred day moving average is $38.94.

KB Financial Group (NYSE:KB – Get Free Report) last issued its earnings results on Monday, May 15th. The bank reported $2.88 EPS for the quarter, beating the consensus estimate of $2.80 by $0.08. KB Financial Group had a net margin of 15.59% and a return on equity of 11.56%. The firm had revenue of $3.81 billion during the quarter. As a group, equities analysts anticipate that KB Financial Group Inc. will post 9.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KB Financial Group

Several large investors have recently bought and sold shares of KB. Allworth Financial LP boosted its holdings in shares of KB Financial Group by 79.6% in the first quarter. Allworth Financial LP now owns 697 shares of the bank’s stock valued at $25,000 after buying an additional 309 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of KB Financial Group by 156.1% in the first quarter. BNP Paribas Arbitrage SA now owns 625 shares of the bank’s stock valued at $31,000 after buying an additional 381 shares during the period. CWM LLC boosted its holdings in shares of KB Financial Group by 41.2% in the first quarter. CWM LLC now owns 1,487 shares of the bank’s stock valued at $54,000 after buying an additional 434 shares during the period. Ronald Blue Trust Inc. boosted its holdings in shares of KB Financial Group by 37.7% in the fourth quarter. Ronald Blue Trust Inc. now owns 2,391 shares of the bank’s stock valued at $72,000 after buying an additional 654 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of KB Financial Group in the fourth quarter valued at approximately $73,000. Institutional investors own 5.70% of the company’s stock.

About KB Financial Group

(Get Free Report)

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 seven segments: Retail Banking, Corporate Banking, Other Banking, Credit Card, Securities, Life Insurance, and Non-Life Insurance.