KB Financial Group Inc. (NYSE:KB – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $53.71, but opened at $56.20. KB Financial Group shares last traded at $56.10, with a volume of 70,688 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 13th.
Check Out Our Latest Report on KB Financial Group
KB Financial Group Trading Down 0.9 %
KB Financial Group (NYSE:KB – Get Free Report) last announced its earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.21). The company had revenue of $3.54 billion during the quarter. KB Financial Group had a return on equity of 7.78% and a net margin of 12.94%. As a group, equities analysts forecast that KB Financial Group Inc. will post 9.32 EPS for the current year.
Institutional Trading of KB Financial Group
Several institutional investors and hedge funds have recently bought and sold shares of KB. GAMMA Investing LLC lifted its position in shares of KB Financial Group by 98.0% in the first quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock valued at $36,000 after buying an additional 341 shares during the last quarter. Allworth Financial LP raised its holdings in KB Financial Group by 125.1% in the 3rd quarter. Allworth Financial LP now owns 1,166 shares of the bank’s stock valued at $48,000 after acquiring an additional 648 shares during the period. Tucker Asset Management LLC acquired a new stake in KB Financial Group during the fourth quarter worth approximately $68,000. CWM LLC boosted its holdings in shares of KB Financial Group by 12.4% during the fourth quarter. CWM LLC now owns 2,409 shares of the bank’s stock worth $100,000 after acquiring an additional 265 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of KB Financial Group by 47.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,490 shares of the bank’s stock valued at $103,000 after purchasing an additional 805 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.
KB Financial Group Company Profile
KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.
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