Shares of KB Financial Group Inc. (NYSE:KB) gapped up before the market opened on Tuesday . The stock had previously closed at $27.49, but opened at $28.10. KB Financial Group shares last traded at $28.96, with a volume of 19,506 shares traded.

Separately, Zacks Investment Research raised shares of KB Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 22nd.

The company has a market capitalization of $11.05 billion and a P/E ratio of 7.93. The stock has a 50 day moving average price of $28.69 and a 200-day moving average price of $27.39.

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

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