Shares of KB Financial Group Inc. (NYSE:KB) gapped up before the market opened 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.

Several equities analysts recently commented on KB shares. Zacks Investment Research upgraded shares of KB Financial Group from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research note on Friday, July 22nd. Citigroup Inc. upgraded shares of KB Financial Group from a “neutral” rating to a “buy” rating in a research note on Thursday, July 21st.

The company’s 50-day moving average is $29.68 and its 200-day moving average is $27.90. The company has a market capitalization of $12.49 billion and a PE ratio of 7.34.

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

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