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

KB Financial Group Inc (NYSE:KB)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $107.91, but opened at $101.15. KB Financial Group shares last traded at $99.8450, with a volume of 64,383 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KB shares. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research report on Friday, March 27th. Wall Street Zen cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

KB Financial Group Stock Performance

The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47. The company has a 50-day moving average price of $105.43 and a 200-day moving average price of $99.01. The firm has a market capitalization of $38.11 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 0.61 and a beta of 1.01.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Tuesday, March 31st. The bank reported $2.16 earnings per share (EPS) for the quarter. The business had revenue of $3.49 billion during the quarter. KB Financial Group had a return on equity of 9.99% and a net margin of 17.36%. As a group, equities research analysts forecast that KB Financial Group Inc will post 11.93 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. increased its holdings in shares of KB Financial Group by 131.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock valued at $35,000 after purchasing an additional 229 shares during the period. Kestra Advisory Services LLC acquired a new stake in KB Financial Group in the 4th quarter valued at about $39,000. Jones Financial Companies Lllp lifted its holdings in KB Financial Group by 187.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock valued at $40,000 after acquiring an additional 326 shares during the last quarter. Leonteq Securities AG acquired a new stake in KB Financial Group in the 4th quarter valued at about $43,000. Finally, Triumph Capital Management acquired a new stake in KB Financial Group in the 3rd quarter valued at about $46,000. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.