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

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

Wall Street Analysts Forecast Growth

KB has been the topic of a number of research analyst reports. Morgan Stanley raised KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday.

KB Financial Group Stock Performance

The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $23.19 billion, a P/E ratio of 6.88, a P/E/G ratio of 0.47 and a beta of 0.99. The company’s 50 day moving average is $60.58 and its 200 day moving average is $63.14.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KB. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of KB Financial Group in the 4th quarter valued at about $1,985,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in KB Financial Group in the fourth quarter valued at approximately $1,397,000. Candriam S.C.A. increased its position in KB Financial Group by 1.9% during the 4th quarter. Candriam S.C.A. now owns 10,679 shares of the bank’s stock valued at $608,000 after purchasing an additional 200 shares during the period. Raymond James Financial Inc. bought a new position in KB Financial Group during the 4th quarter worth approximately $7,301,000. Finally, Victory Capital Management Inc. acquired a new position in shares of KB Financial Group in the 4th quarter worth approximately $698,000. Institutional investors 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.