KB Financial Group (NYSE:KB) Shares Gap Down to $49.65

KB Financial Group Inc. (NYSE:KB)’s share price gapped down prior to trading on Friday . The stock had previously closed at $49.65, but opened at $48.00. KB Financial Group shares last traded at $47.90, with a volume of 22,288 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th.

KB Financial Group Stock Performance

The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.69. The firm has a market capitalization of $19.03 billion, a PE ratio of 5.35, a P/E/G ratio of 0.40 and a beta of 1.04. The firm has a fifty day moving average price of $51.31 and a 200 day moving average price of $44.19.

KB Financial Group (NYSE:KB) last posted its quarterly earnings data on Wednesday, March 6th. The bank reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.21). KB Financial Group had a net margin of 12.94% and a return on equity of 7.72%. The firm had revenue of $3.54 billion for the quarter. Research analysts anticipate that KB Financial Group Inc. will post 9.18 earnings per share for the current fiscal year.

Institutional Trading of KB Financial Group

Several large investors have recently added to or reduced their stakes in KB. Lazard Asset Management LLC increased its holdings in shares of KB Financial Group by 79.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,959,952 shares of the bank’s stock valued at $107,741,000 after purchasing an additional 1,313,605 shares during the period. BlackRock Inc. grew its position in KB Financial Group by 36.1% during the second quarter. BlackRock Inc. now owns 2,434,596 shares of the bank’s stock valued at $88,619,000 after purchasing an additional 646,184 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in KB Financial Group by 86.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 600,940 shares of the bank’s stock valued at $29,344,000 after buying an additional 278,345 shares during the period. Ramirez Asset Management Inc. purchased a new stake in KB Financial Group in the 3rd quarter worth approximately $9,278,000. Finally, Royal Bank of Canada boosted its stake in shares of KB Financial Group by 263.6% during the 2nd quarter. Royal Bank of Canada now owns 301,913 shares of the bank’s stock valued at $10,989,000 after buying an additional 218,885 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.