KB Financial Group (NYSE:KB) Shares Gap Down – Here’s What Happened

KB Financial Group Inc (NYSE:KB)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $105.79, but opened at $101.31. KB Financial Group shares last traded at $105.46, with a volume of 188,169 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KB. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a report on Monday, December 29th. Zacks Research upgraded shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

KB Financial Group Price Performance

The stock has a market cap of $39.43 billion, a P/E ratio of 9.98, a P/E/G ratio of 0.67 and a beta of 1.08. The firm has a 50 day moving average price of $98.14 and a 200 day moving average price of $88.31. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.38.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Saturday, January 31st. The bank reported $1.43 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 9.79% and a net margin of 16.96%. On average, analysts forecast that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

Institutional Investors Weigh In On KB Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KB. M&T Bank Corp acquired a new position in KB Financial Group in the 4th quarter worth about $36,964,000. Invesco Ltd. grew its stake in KB Financial Group by 508.9% during the 2nd quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock valued at $12,631,000 after acquiring an additional 127,823 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of KB Financial Group by 18.3% in the second quarter. American Century Companies Inc. now owns 751,168 shares of the bank’s stock valued at $62,039,000 after purchasing an additional 116,293 shares during the last quarter. Capital International Investors boosted its position in shares of KB Financial Group by 12.7% during the 3rd quarter. Capital International Investors now owns 757,168 shares of the bank’s stock valued at $62,735,000 after acquiring an additional 85,231 shares during the last quarter. Finally, Laird Norton Wetherby Trust Company LLC purchased a new stake in shares of KB Financial Group in the 4th quarter valued at approximately $6,640,000. 11.52% of the stock is owned by institutional investors and hedge funds.

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.