KB Financial Group (NYSE:KB) Sees Large Volume Increase – Here’s What Happened

KB Financial Group Inc (NYSE:KB) saw unusually-high trading volume on Wednesday . Approximately 311,411 shares were traded during trading, an increase of 28% from the previous session’s volume of 243,912 shares.The stock last traded at $99.3850 and had previously closed at $102.58.

Analyst Upgrades and Downgrades

Several analysts recently commented on KB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research report on Friday, March 27th. Wall Street Zen lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

KB Financial Group Stock Down 2.3%

The business has a 50-day simple moving average of $106.42 and a two-hundred day simple moving average of $100.54. The company has a market capitalization of $35.53 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.65 and a beta of 1.01. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.64 and a current ratio of 1.64.

KB Financial Group (NYSE:KB) last released its earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 9.99% and a net margin of 17.36%.The business had revenue of $3.49 billion for the quarter. As a group, equities analysts predict that KB Financial Group Inc will post 11.93 EPS for the current year.

Hedge Funds Weigh In On KB Financial Group

Large investors have recently bought and sold shares of the company. M&T Bank Corp purchased a new stake in shares of KB Financial Group in the fourth quarter valued at about $36,964,000. WCM Investment Management LLC acquired a new stake in KB Financial Group in the first quarter valued at about $24,497,000. Bank of America Corp DE boosted its holdings in KB Financial Group by 20.3% in the 1st quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock valued at $106,553,000 after purchasing an additional 180,590 shares in the last quarter. Invesco Ltd. boosted its holdings in KB Financial Group by 508.9% in the 2nd quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock valued at $12,631,000 after purchasing an additional 127,823 shares in the last quarter. Finally, American Century Companies Inc. increased its position 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 worth $69,395,000 after purchasing an additional 85,822 shares during the period. Hedge funds and other 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.