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

KB Financial Group Inc (NYSE:KB) shares gapped down before the market opened on Wednesday . The stock had previously closed at $114.17, but opened at $110.10. KB Financial Group shares last traded at $108.0690, with a volume of 76,136 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research report on Friday, March 27th. Wall Street Zen cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, KB Financial Group currently has a consensus rating of “Moderate Buy”.

KB Financial Group Stock Down 5.1%

The stock has a market capitalization of $40.38 billion, a P/E ratio of 9.70, a P/E/G ratio of 0.69 and a beta of 1.01. The company’s 50-day moving average price is $106.30 and its 200 day moving average price is $99.88. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.64 and a current ratio of 1.64.

KB Financial Group (NYSE:KB) last announced 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 net margin of 17.36% and a return on equity of 9.99%. As a group, equities analysts expect that KB Financial Group Inc will post 11.93 earnings per share for the current year.

Institutional Trading of KB Financial Group

Several institutional investors and hedge funds have recently modified their holdings of KB. AQR Capital Management LLC bought a new stake in shares of KB Financial Group during the 1st quarter valued at $300,000. Dynamic Technology Lab Private Ltd bought a new stake in KB Financial Group in the 1st quarter valued at $259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in KB Financial Group by 53.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank’s stock valued at $5,230,000 after acquiring an additional 33,650 shares during the last quarter. Jane Street Group LLC increased its holdings in KB Financial Group by 64.3% in the 1st quarter. Jane Street Group LLC now owns 26,136 shares of the bank’s stock valued at $1,414,000 after acquiring an additional 10,225 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in KB Financial Group by 66.4% in the 2nd quarter. Cetera Investment Advisers now owns 8,584 shares of the bank’s stock valued at $709,000 after acquiring an additional 3,425 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.