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

KB Financial Group Inc. (NYSE:KB)’s share price gapped down before the market opened 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.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 12th.

KB Financial Group Stock Down 4.1 %

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 stock has a market capitalization of $27.93 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 0.47 and a beta of 0.98. The company’s 50-day moving average is $64.34 and its 200 day moving average is $59.81.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. BOCHK Asset Management Ltd acquired a new stake in shares of KB Financial Group in the third quarter valued at about $25,000. Hilltop National Bank purchased a new position in KB Financial Group during the second quarter worth approximately $34,000. Benjamin F. Edwards & Company Inc. lifted its position in KB Financial Group by 66.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock worth $44,000 after buying an additional 310 shares in the last quarter. GAMMA Investing LLC grew its holdings in 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 buying an additional 245 shares in the last quarter. Finally, CWM LLC boosted its position in shares of KB Financial Group by 5.7% during the 3rd quarter. CWM LLC now owns 2,851 shares of the bank’s stock valued at $176,000 after acquiring an additional 155 shares during 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.