KB Financial Group (NYSE:KB) Shares Gap Down – Should You Sell?

KB Financial Group Inc (NYSE:KB)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $95.08, but opened at $92.42. KB Financial Group shares last traded at $92.7850, with a volume of 34,534 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Zacks Research cut KB Financial Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 18th. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, KB Financial Group presently has a consensus rating of “Hold”.

KB Financial Group Stock Up 1.9%

The stock has a market cap of $36.07 billion, a P/E ratio of 8.92, a P/E/G ratio of 0.70 and a beta of 1.12. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.38. The firm’s fifty day moving average is $86.66 and its 200 day moving average is $83.78.

Institutional Trading of KB Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. acquired a new stake in shares of KB Financial Group in the second quarter worth $25,000. Parkside Financial Bank & Trust raised its position in shares of KB Financial Group by 585.7% during the second quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock valued at $28,000 after buying an additional 287 shares during the last quarter. First Horizon Corp bought a new stake in shares of KB Financial Group in the third quarter valued at about $30,000. Jones Financial Companies Lllp grew its position in KB Financial Group by 187.4% during the third quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock worth $40,000 after buying an additional 326 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in KB Financial Group in the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

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.