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

KB Financial Group Inc. (NYSE:KB) gapped up before the market opened on Friday . The stock had previously closed at $61.50, but opened at $65.19. KB Financial Group shares last traded at $64.40, with a volume of 64,132 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded KB Financial Group from a “buy” rating to a “hold” rating in a report on Monday, April 28th.

KB Financial Group Stock Up 6.7 %

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The stock has a market cap of $25.83 billion, a P/E ratio of 7.65, a P/E/G ratio of 0.52 and a beta of 0.92. The company has a 50-day simple moving average of $55.32 and a two-hundred day simple moving average of $60.00.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.02). KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $4.45 billion. On average, equities analysts forecast that KB Financial Group Inc. will post 8.87 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Northern Trust Corp grew its position in shares of KB Financial Group by 310.0% in the 4th quarter. Northern Trust Corp now owns 912,529 shares of the bank’s stock worth $51,923,000 after buying an additional 689,979 shares during the last quarter. Raymond James Financial Inc. purchased a new position in KB Financial Group during the 4th quarter valued at $7,301,000. Silvercrest Asset Management Group LLC bought a new position in KB Financial Group in the 4th quarter worth $5,489,000. Mirabella Financial Services LLP purchased a new stake in shares of KB Financial Group in the 4th quarter worth about $5,000,000. Finally, Trinity Street Asset Management LLP lifted its position in shares of KB Financial Group by 35.6% in the 1st quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank’s stock worth $17,877,000 after purchasing an additional 86,737 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

About KB Financial Group

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.