KB Financial Group Inc. (KB) Shares Up 2.7%
KB Financial Group Inc. (NYSE:KB) shot up 2.7% on Thursday . The stock traded as high as $30.47 and last traded at $30.47, with a volume of 127,191 shares traded. The stock had previously closed at $29.68.
Several research firms have weighed in on KB. Citigroup Inc. upgraded KB Financial Group from a “neutral” rating to a “buy” rating in a report on Thursday. Zacks Investment Research cut KB Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 29th.
The stock has a market capitalization of $11.56 billion and a P/E ratio of 8.11. The company’s 50-day moving average price is $28.86 and its 200-day moving average price is $27.47.
An institutional investor recently raised its position in KB Financial Group stock. Morgan Stanley boosted its position 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 at the end of the most recent reporting period.
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