KB Financial Group (NYSE:KB) Trading Down 4.7% – What’s Next?

KB Financial Group Inc. (NYSE:KB) traded down 4.7% on Wednesday . The company traded as low as $59.23 and last traded at $59.72. 8,765 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 134,633 shares. The stock had previously closed at $62.65.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th.

KB Financial Group Trading Down 3.8 %

The firm has a market capitalization of $23.72 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 0.47 and a beta of 0.99. The company has a fifty day moving average price of $61.03 and a two-hundred day moving average price of $63.19. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29.

Institutional Investors Weigh In On KB Financial Group

Hedge funds have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of KB Financial Group by 23.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock worth $48,134,000 after purchasing an additional 145,861 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of KB Financial Group in the 3rd quarter valued at $7,291,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of KB Financial Group in the 3rd quarter valued at $3,516,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of KB Financial Group by 15.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock valued at $26,332,000 after purchasing an additional 56,400 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of KB Financial Group by 576.3% during the 4th quarter. Yousif Capital Management LLC now owns 41,191 shares of the bank’s stock valued at $2,344,000 after acquiring an additional 35,100 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Company Profile

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.