KB Financial Group Inc. (NYSE:KB) gapped up prior to trading on Friday . The stock had previously closed at $31.57, but opened at $31.94. KB Financial Group shares last traded at $32.45, with a volume of 17,595 shares traded.

Several brokerages have 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 research report on Friday, July 22nd. Citigroup Inc. raised shares of KB Financial Group from a “neutral” rating to a “buy” rating in a research report on Thursday, July 21st.

The stock has a market capitalization of $12.49 billion and a P/E ratio of 7.45. The company’s 50 day moving average price is $29.68 and its 200-day moving average price is $27.90.

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

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