KB Financial Group Inc. (KB) Shares Gap Up to $31.00
KB Financial Group Inc. (NYSE:KB) shares gapped up prior to trading on Monday . The stock had previously closed at $30.48, but opened at $31.00. KB Financial Group shares last traded at $31.61, with a volume of 86,321 shares trading hands.
A number of research analysts recently commented on the company. Zacks Investment Research raised KB Financial Group from a “hold” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research note on Friday. Citigroup Inc. raised KB Financial Group from a “neutral” rating to a “buy” rating in a research note on Thursday.
The firm has a market capitalization of $12.09 billion and a price-to-earnings ratio of 7.33. The stock’s 50 day moving average is $28.99 and its 200-day moving average is $27.55.
An institutional investor recently raised its position in KB Financial Group stock. Morgan Stanley boosted its position in KB Financial Group Inc. (NYSE:KB) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,088 shares of the company’s stock after buying an additional 5,882 shares during the period. Morgan Stanley’s holdings in KB Financial Group were worth $1,146,000 at the end of the most recent reporting period.
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