KB Financial Group (NYSE:KB) Sees Unusually-High Trading Volume

Shares of KB Financial Group Inc. (NYSE:KB) saw strong trading volume on Tuesday . 492,854 shares were traded during mid-day trading, an increase of 140% from the previous session’s volume of 204,988 shares.The stock last traded at $61.57 and had previously closed at $61.66.

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 Tuesday, August 27th.

KB Financial Group Stock Down 0.0 %

The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33. The firm has a market cap of $24.87 billion, a P/E ratio of 7.70, a P/E/G ratio of 0.41 and a beta of 0.99. The business has a fifty day moving average of $62.37 and a 200 day moving average of $57.39.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.36. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. The firm had revenue of $3.18 billion during the quarter. On average, equities research analysts predict that KB Financial Group Inc. will post 9.4 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in shares of KB Financial Group during the 2nd quarter worth approximately $501,000. Creative Planning raised its position in KB Financial Group by 18.4% during the second quarter. Creative Planning now owns 78,636 shares of the bank’s stock worth $4,452,000 after acquiring an additional 12,231 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in KB Financial Group by 3.0% in the second quarter. EverSource Wealth Advisors LLC now owns 6,496 shares of the bank’s stock valued at $368,000 after acquiring an additional 192 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in KB Financial Group in the second quarter valued at $1,084,000. Finally, Profund Advisors LLC grew its position in shares of KB Financial Group by 4.4% in the 2nd quarter. Profund Advisors LLC now owns 7,410 shares of the bank’s stock valued at $419,000 after acquiring an additional 309 shares during the period. Institutional investors own 11.52% of the company’s stock.

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.