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

KB Financial Group Inc (NYSE:KB) gapped down before the market opened on Wednesday . The stock had previously closed at $114.17, but opened at $110.10. KB Financial Group shares last traded at $108.0690, with a volume of 76,136 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research note on Friday, March 27th. Wall Street Zen downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

KB Financial Group Trading Down 5.1%

The stock’s fifty day moving average price is $106.30 and its 200 day moving average price is $99.88. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47. The stock has a market cap of $40.38 billion, a PE ratio of 9.70, a PEG ratio of 0.69 and a beta of 1.01.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. The firm had revenue of $3.49 billion for the quarter. On average, sell-side analysts forecast that KB Financial Group Inc will post 11.93 EPS for the current year.

Institutional Investors Weigh In On KB Financial Group

Large investors have recently added to or reduced their stakes in the stock. Capital International Investors raised its stake in 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 buying an additional 85,231 shares during the last quarter. Advisors Preferred LLC purchased a new stake in KB Financial Group during the 3rd quarter valued at $391,000. Advisors Asset Management Inc. raised its stake in KB Financial Group by 30.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,305 shares of the bank’s stock valued at $1,601,000 after buying an additional 4,509 shares during the last quarter. JPMorgan Chase & Co. raised its stake in KB Financial Group by 45.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,786 shares of the bank’s stock valued at $5,206,000 after buying an additional 19,608 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in KB Financial Group by 11.4% during the 3rd quarter. American Century Companies Inc. now owns 836,990 shares of the bank’s stock valued at $69,395,000 after buying an additional 85,822 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Company Profile

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.