Shares of KB Financial Group Inc. (NYSE:KB – Get Free Report) dropped 4.6% during trading on Wednesday . The company traded as low as $51.15 and last traded at $51.31. Approximately 59,907 shares traded hands during trading, a decline of 73% from the average daily volume of 217,911 shares. The stock had previously closed at $53.80.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th.
Get Our Latest Stock Analysis on KB
KB Financial Group Stock Performance
KB Financial Group (NYSE:KB – Get Free Report) last released its earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.21). The business had revenue of $3.54 billion for the quarter. KB Financial Group had a return on equity of 7.72% and a net margin of 12.94%. As a group, sell-side analysts expect that KB Financial Group Inc. will post 9.87 EPS for the current year.
Hedge Funds Weigh In On KB Financial Group
A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its stake in shares of KB Financial Group by 156.1% during the first quarter. BNP Paribas Arbitrage SA now owns 625 shares of the bank’s stock valued at $31,000 after acquiring an additional 381 shares in the last quarter. Allworth Financial LP grew its stake in KB Financial Group by 125.1% in the third quarter. Allworth Financial LP now owns 1,166 shares of the bank’s stock worth $48,000 after purchasing an additional 648 shares in the last quarter. Tucker Asset Management LLC bought a new stake in KB Financial Group during the 4th quarter valued at $68,000. CWM LLC lifted its holdings in shares of KB Financial Group by 18.9% in the 3rd quarter. CWM LLC now owns 2,144 shares of the bank’s stock worth $88,000 after buying an additional 341 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of KB Financial Group by 39.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,152 shares of the bank’s stock worth $78,000 after buying an additional 607 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors.
About KB Financial Group
KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. The company operates through seven segments: Retail Banking, Corporate Banking, Other Banking, Credit Card, Securities, Life Insurance, and Non-Life Insurance.
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