KB Financial Group Inc. (NYSE:KB) gapped down before the market opened on Friday . The stock had previously closed at $29.10, but opened at $29.29. KB Financial Group shares last traded at $29.70, with a volume of 71,937 shares.

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 stock’s 50 day moving average price is $28.72 and its 200 day moving average price is $27.42. The stock has a market capitalization of $11.35 billion and a PE ratio of 8.15.

An institutional investor recently raised its position in KB Financial Group stock. Morgan Stanley raised its position in shares of KB Financial Group Inc. (NYSE:KB) by 16.7% during the fourth quarter, according to its most recent Form 13F 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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