KB Financial Group (NYSE:KB) Sees Strong Trading Volume – Here’s What Happened

KB Financial Group Inc. (NYSE:KB) saw unusually-high trading volume on Monday . Approximately 188,658 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 185,695 shares.The stock last traded at $56.33 and had previously closed at $55.68.

Analysts Set New Price Targets

KB has been the topic of a number of recent research reports. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a research report on Friday.

KB Financial Group Trading Up 1.6 %

The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The company has a 50-day simple moving average of $58.02 and a 200 day simple moving average of $61.55. The firm has a market cap of $22.25 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The business had revenue of $2.94 billion for the quarter. As a group, sell-side analysts forecast that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Hudson Edge Investment Partners Inc. raised its stake in shares of KB Financial Group by 5.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after buying an additional 168 shares during the period. Seeds Investor LLC raised its stake in shares of KB Financial Group by 2.9% during the 4th quarter. Seeds Investor LLC now owns 6,923 shares of the bank’s stock worth $394,000 after buying an additional 195 shares during the period. Candriam S.C.A. raised its stake in shares of KB Financial Group by 1.9% during the 4th quarter. Candriam S.C.A. now owns 10,679 shares of the bank’s stock worth $608,000 after buying an additional 200 shares during the period. Cetera Investment Advisers raised its stake in shares of KB Financial Group by 7.4% during the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock worth $214,000 after buying an additional 258 shares during the period. Finally, Centiva Capital LP raised its stake in shares of KB Financial Group by 6.0% during the 3rd quarter. Centiva Capital LP now owns 5,034 shares of the bank’s stock worth $311,000 after buying an additional 283 shares during the period. 11.52% of the stock is owned by institutional investors and hedge funds.

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.