KB Financial Group (NYSE:KB) Shares Gap Down – Time to Sell?

KB Financial Group Inc (NYSE:KB)’s share price gapped down before the market opened on Monday . The stock had previously closed at $107.91, but opened at $101.15. KB Financial Group shares last traded at $99.8450, with a volume of 64,383 shares.

Analyst Ratings Changes

Several research firms recently issued reports on KB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research note on Friday, March 27th. Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One investment analyst has 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, KB Financial Group presently has a consensus rating of “Moderate Buy”.

KB Financial Group Stock Performance

The company has a market capitalization of $37.30 billion, a PE ratio of 8.98, a PEG ratio of 0.66 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. The company has a 50 day moving average price of $105.36 and a 200 day moving average price of $98.76.

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

Hedge Funds Weigh In On KB Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC lifted its stake in KB Financial Group by 2.8% during the first quarter. Lazard Asset Management LLC now owns 1,457,537 shares of the bank’s stock worth $145,360,000 after purchasing an additional 39,764 shares during the last quarter. Morgan Stanley lifted its stake in KB Financial Group by 4.0% during the fourth quarter. Morgan Stanley now owns 1,080,052 shares of the bank’s stock worth $92,928,000 after purchasing an additional 41,587 shares during the last quarter. Bank of America Corp DE lifted its stake in KB Financial Group by 20.3% during the first quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock worth $106,553,000 after purchasing an additional 180,590 shares during the last quarter. American Century Companies Inc. lifted its stake in KB Financial Group by 11.4% during the third 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 last quarter. Finally, Capital International Investors lifted its stake in KB Financial Group by 0.6% during the fourth quarter. Capital International Investors now owns 761,913 shares of the bank’s stock worth $65,637,000 after purchasing an additional 4,745 shares during the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

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.