KB Financial Group Inc. (KB) Sees Strong Trading Volume
Shares of KB Financial Group Inc. (NYSE:KB) saw unusually-strong trading volume on Monday . Approximately 325,190 shares were traded during mid-day trading, an increase of 206% from the previous session’s volume of 106,379 shares.The stock last traded at $33.21 and had previously closed at $33.65.
Several research analysts have recently weighed in on KB shares. Citigroup Inc. raised KB Financial Group from a “neutral” rating to a “buy” rating in a research report on Thursday, July 21st. Zacks Investment Research raised KB Financial Group from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research report on Friday, July 22nd. Finally, TheStreet raised KB Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th.
The firm has a market capitalization of $12.52 billion and a PE ratio of 7.51. The firm has a 50-day moving average of $31.39 and a 200-day moving average of $28.74.
A hedge fund recently raised its stake in KB Financial Group stock. Morgan Stanley increased its position in KB Financial Group Inc. (NYSE:KB) by 16.7% during the fourth quarter, according to its most recent 13F filing with the 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 as of its most recent filing with the SEC.
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