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

Shares of KB Financial Group Inc (NYSE:KB) gapped down before the market opened on Monday . The stock had previously closed at $119.37, but opened at $115.30. KB Financial Group shares last traded at $116.09, with a volume of 45,227 shares.

Analyst Upgrades and Downgrades

KB has been the subject of a number of recent research reports. Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of KB Financial Group in a research note on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

KB Financial Group Trading Down 2.4%

The firm’s 50-day simple moving average is $107.58 and its 200-day simple moving average is $103.84. The firm has a market capitalization of $41.33 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.79 and a beta of 1.01. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. The firm had revenue of $3.49 billion for the quarter. KB Financial Group had a return on equity of 9.99% and a net margin of 17.36%. Equities analysts expect that KB Financial Group Inc will post 12.02 earnings per share for the current year.

Hedge Funds Weigh In On KB Financial Group

Several institutional investors and hedge funds have recently bought and sold shares of KB. Brown Brothers Harriman & Co. lifted its position in KB Financial Group by 131.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock valued at $35,000 after purchasing an additional 229 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of KB Financial Group in the fourth quarter worth approximately $39,000. Leonteq Securities AG purchased a new position in shares of KB Financial Group in the fourth quarter worth $43,000. Triumph Capital Management purchased a new position in shares of KB Financial Group in the third quarter worth $46,000. Finally, Bell Investment Advisors Inc raised its holdings in KB Financial Group by 29.3% during the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock valued at $48,000 after buying an additional 108 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors.

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.