KB Financial Group (NYSE:KB) Sees Unusually-High Trading Volume

Shares of KB Financial Group Inc. (NYSE:KB) saw unusually-high trading volume on Monday . Approximately 77,933 shares were traded during mid-day trading, a decline of 62% from the previous session’s volume of 206,900 shares.The stock last traded at $61.18 and had previously closed at $59.79.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday.

KB Financial Group Trading Down 5.2 %

The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.65 and a current ratio of 1.65. The firm has a market cap of $23.98 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 0.45 and a beta of 1.00. The stock has a 50-day simple moving average of $58.37 and a two-hundred day simple moving average of $52.39.

KB Financial Group (NYSE:KB) last announced its earnings results on Thursday, May 16th. The bank reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.07. The business had revenue of $3.64 billion during the quarter. KB Financial Group had a net margin of 11.65% and a return on equity of 6.97%. As a group, sell-side analysts anticipate that KB Financial Group Inc. will post 9.23 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Trinity Street Asset Management LLP raised its stake in shares of KB Financial Group by 3.1% in the fourth quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank’s stock worth $88,988,000 after buying an additional 65,402 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in KB Financial Group by 12.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 306,030 shares of the bank’s stock valued at $12,660,000 after purchasing an additional 33,300 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of KB Financial Group in the first quarter worth $729,000. Acadian Asset Management LLC raised its position in shares of KB Financial Group by 32.0% during the 1st quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank’s stock valued at $13,409,000 after purchasing an additional 62,455 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of KB Financial Group during the 4th quarter valued at $1,112,000. 11.52% of the stock is owned by hedge funds and other 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, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.