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

KB Financial Group Inc. (NYSE:KB)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $72.18, but opened at $69.28. KB Financial Group shares last traded at $68.99, with a volume of 31,096 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday.

KB Financial Group Stock Performance

The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.33. The firm’s fifty day moving average price is $64.40 and its 200-day moving average price is $59.95. The company has a market cap of $27.77 billion, a P/E ratio of 8.59, a P/E/G ratio of 0.47 and a beta of 0.98.

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 the consensus estimate of $2.70 by $0.36. The firm had revenue of $3.18 billion during the quarter. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. As a group, research analysts forecast that KB Financial Group Inc. will post 9.4 EPS for the current fiscal year.

Institutional Investors Weigh In On KB Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. BOCHK Asset Management Ltd bought a new position in KB Financial Group during the third quarter worth about $25,000. Hilltop National Bank acquired a new stake in shares of KB Financial Group in the second quarter valued at about $34,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of KB Financial Group by 66.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock valued at $44,000 after purchasing an additional 310 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of KB Financial Group by 35.6% in the 2nd quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock valued at $53,000 after purchasing an additional 245 shares during the last quarter. Finally, CWM LLC increased its position in shares of KB Financial Group by 5.7% during the third quarter. CWM LLC now owns 2,851 shares of the bank’s stock worth $176,000 after buying an additional 155 shares during the period. 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.