KB Financial Group (NYSE:KB) Stock Price Up 10.1%

KB Financial Group Inc. (NYSE:KB)’s stock price traded up 10.1% during mid-day trading on Friday . The company traded as high as $55.21 and last traded at $55.21. 70,282 shares traded hands during trading, a decline of 66% from the average session volume of 207,011 shares. The stock had previously closed at $50.15.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th.

KB Financial Group Trading Up 9.0 %

The company has a fifty day moving average of $51.00 and a 200-day moving average of $44.61. The company has a current ratio of 1.67, a quick ratio of 1.69 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $22.06 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 0.40 and a beta of 1.04.

KB Financial Group (NYSE:KB) last issued its quarterly 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 return on equity of 7.72% and a net margin of 12.94%. The firm had revenue of $3.54 billion during the quarter. As a group, equities research analysts anticipate that KB Financial Group Inc. will post 9.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KB Financial Group

Large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in KB Financial Group by 98.0% during the first quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock worth $36,000 after acquiring an additional 341 shares during the last quarter. Allworth Financial LP lifted its stake in KB Financial Group by 125.1% in the 3rd quarter. Allworth Financial LP now owns 1,166 shares of the bank’s stock worth $48,000 after purchasing an additional 648 shares in the last quarter. Tucker Asset Management LLC acquired a new position in shares of KB Financial Group during the 4th quarter worth approximately $68,000. CWM LLC grew its position in shares of KB Financial Group by 18.9% in the third quarter. CWM LLC now owns 2,144 shares of the bank’s stock valued at $88,000 after purchasing an additional 341 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of KB Financial Group by 47.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,490 shares of the bank’s stock valued at $103,000 after purchasing an additional 805 shares during the last quarter. 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.