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

KB Financial Group Inc (NYSE:KB)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $95.08, but opened at $92.42. KB Financial Group shares last traded at $92.7850, with a volume of 34,534 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KB shares. Zacks Research lowered KB Financial Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 18th. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

KB Financial Group Price Performance

The firm has a market capitalization of $35.29 billion, a PE ratio of 8.73, a P/E/G ratio of 0.68 and a beta of 1.12. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.65 and a quick ratio of 1.65. The business’s 50 day moving average is $86.49 and its two-hundred day moving average is $83.64.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new stake in KB Financial Group during the second quarter worth about $25,000. Parkside Financial Bank & Trust lifted its position in KB Financial Group by 585.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock worth $28,000 after buying an additional 287 shares during the last quarter. First Horizon Corp purchased a new stake in KB Financial Group in the third quarter worth approximately $30,000. Jones Financial Companies Lllp grew its position in KB Financial Group by 187.4% during the third quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock valued at $40,000 after acquiring an additional 326 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in shares of KB Financial Group during the third quarter worth approximately $46,000. Institutional investors own 11.52% of the company’s stock.

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.