KB Financial Group (NYSE:KB) Sees Strong Trading Volume – Here’s What Happened

KB Financial Group Inc. (NYSE:KB) saw strong trading volume on Monday . 188,658 shares changed hands during mid-day trading, an increase of 2% from the previous session’s volume of 185,695 shares.The stock last traded at $56.33 and had previously closed at $55.68.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Morgan Stanley raised KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. StockNews.com cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, March 21st.

KB Financial Group Stock Performance

The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The stock has a market capitalization of $22.19 billion, a price-to-earnings ratio of 6.57, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The firm’s fifty day moving average price is $57.83 and its 200 day moving average price is $61.46.

KB Financial Group (NYSE:KB) last announced its earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The company had revenue of $2.94 billion for the quarter. Analysts forecast that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

Hedge Funds Weigh In On KB Financial Group

Several hedge funds have recently bought and sold shares of KB. Wealth Enhancement Advisory Services LLC grew its stake in KB Financial Group by 4.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,213 shares of the bank’s stock worth $1,378,000 after purchasing an additional 1,050 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of KB Financial Group by 2.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 121,523 shares of the bank’s stock worth $6,915,000 after buying an additional 3,452 shares in the last quarter. Vise Technologies Inc. increased its stake in shares of KB Financial Group by 253.1% during the fourth quarter. Vise Technologies Inc. now owns 21,208 shares of the bank’s stock worth $1,207,000 after buying an additional 15,202 shares during the period. Silvercrest Asset Management Group LLC acquired a new stake in KB Financial Group in the fourth quarter valued at approximately $5,489,000. Finally, Quantinno Capital Management LP raised its holdings in KB Financial Group by 12.9% in the fourth quarter. Quantinno Capital Management LP now owns 23,367 shares of the bank’s stock valued at $1,330,000 after acquiring an additional 2,670 shares in 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.