KB Financial Group (NYSE:KB) Shares Gap Down to $55.54

KB Financial Group Inc. (NYSE:KB)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $55.54, but opened at $54.00. KB Financial Group shares last traded at $53.92, with a volume of 24,928 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th.

KB Financial Group Stock Performance

The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.69 and a current ratio of 1.67. The company has a market cap of $21.70 billion, a PE ratio of 6.10, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The company’s 50 day moving average price is $48.68 and its 200-day moving average price is $43.42.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Wednesday, March 6th. The bank reported $0.43 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.21). KB Financial Group had a net margin of 12.94% and a return on equity of 7.72%. The firm had revenue of $3.54 billion for the quarter. Equities research analysts anticipate that KB Financial Group Inc. will post 9.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KB Financial Group

Large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its holdings in shares of KB Financial Group by 79.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,959,952 shares of the bank’s stock worth $107,741,000 after buying an additional 1,313,605 shares during the last quarter. BlackRock Inc. raised its position in KB Financial Group by 36.1% during the second quarter. BlackRock Inc. now owns 2,434,596 shares of the bank’s stock valued at $88,619,000 after purchasing an additional 646,184 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in KB Financial Group by 86.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 600,940 shares of the bank’s stock worth $29,344,000 after purchasing an additional 278,345 shares during the last quarter. Ramirez Asset Management Inc. purchased a new position in shares of KB Financial Group in the 3rd quarter worth about $9,278,000. Finally, Royal Bank of Canada increased its position in shares of KB Financial Group by 263.6% during the 2nd quarter. Royal Bank of Canada now owns 301,913 shares of the bank’s stock valued at $10,989,000 after purchasing an additional 218,885 shares during the last quarter. 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 and internationally. The company operates through seven segments: Retail Banking, Corporate Banking, Other Banking, Credit Card, Securities, Life Insurance, and Non-Life Insurance.