Shares of KB Financial Group Inc. (NYSE:KB) shot up 2.7% on Thursday . The company traded as high as $30.47 and last traded at $30.47, with a volume of 127,191 shares changing hands. The stock had previously closed at $29.68.

A number of brokerages recently weighed in on KB. Zacks Investment Research raised shares of KB Financial Group from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a report on Friday. Citigroup Inc. raised shares of KB Financial Group from a “neutral” rating to a “buy” rating in a report on Thursday.

The firm’s 50 day moving average price is $28.92 and its 200 day moving average price is $27.50. The company has a market capitalization of $11.85 billion and a price-to-earnings ratio of 8.31.

A hedge fund recently bought a new stake in KB Financial Group stock. GAM Holding AG acquired a new position in shares of KB Financial Group Inc. (NYSE:KB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 38,400 shares of the company’s stock, valued at approximately $1,070,000.

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