Shares of KB Financial Group Inc. (NYSE:KB – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $56.85, but opened at $59.04. KB Financial Group shares last traded at $58.56, with a volume of 172,783 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th.
View Our Latest Research Report on KB Financial Group
KB Financial Group Price Performance
KB Financial Group (NYSE:KB – Get Free Report) last issued its quarterly earnings data on Thursday, May 16th. The bank reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.07. The business had revenue of $3.64 billion for the quarter. KB Financial Group had a return on equity of 6.97% and a net margin of 11.65%. On average, sell-side 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
A number of hedge funds and other institutional investors have recently bought and sold shares of KB. GAMMA Investing LLC grew its position in shares of KB Financial Group by 98.0% in the 1st quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock valued at $36,000 after buying an additional 341 shares during the last quarter. Tucker Asset Management LLC bought a new stake in shares of KB Financial Group in the 4th quarter valued at about $68,000. CWM LLC grew its position in shares of KB Financial Group by 12.4% in the 4th quarter. CWM LLC now owns 2,409 shares of the bank’s stock valued at $100,000 after buying an additional 265 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of KB Financial Group by 47.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,490 shares of the bank’s stock valued at $103,000 after buying an additional 805 shares during the last quarter. Finally, Barometer Capital Management Inc. bought a new stake in shares of KB Financial Group in the 4th quarter valued at about $120,000. 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.
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