KB Financial Group Inc. (KB) Shares Gap Up to $33.21
KB Financial Group Inc. (NYSE:KB)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $32.97, but opened at $33.21. KB Financial Group shares last traded at $33.43, with a volume of 195,632 shares changing hands.
KB has been the topic of a number of recent analyst reports. 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 on the stock in a research note on Friday, July 22nd. TheStreet raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Finally, Citigroup Inc. raised shares of KB Financial Group from a “neutral” rating to a “buy” rating in a research note on Thursday, July 21st.
The stock has a market capitalization of $12.57 billion and a price-to-earnings ratio of 7.54. The firm’s 50 day moving average price is $31.44 and its 200-day moving average price is $28.80.
An institutional investor recently raised its position in KB Financial Group stock. Morgan Stanley boosted its stake 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. 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 SEC filing.
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