KB Financial Group (NYSE:KB) Shares Gap Down – What’s Next?

KB Financial Group Inc (NYSE:KB)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $105.79, but opened at $101.31. KB Financial Group shares last traded at $105.46, with a volume of 188,169 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research note on Monday, December 29th. Zacks Research raised shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

KB Financial Group Price Performance

The firm has a market capitalization of $36.74 billion, a P/E ratio of 9.30, a P/E/G ratio of 0.65 and a beta of 1.08. The stock’s fifty day simple moving average is $98.82 and its 200 day simple moving average is $88.53. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.65 and a quick ratio of 1.65.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Saturday, January 31st. The bank reported $1.43 EPS for the quarter. KB Financial Group had a return on equity of 9.79% and a net margin of 16.96%. On average, equities research analysts predict that KB Financial Group Inc will post 8.87 EPS for the current year.

Hedge Funds Weigh In On KB Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of KB. AQR Capital Management LLC acquired a new stake in KB Financial Group during the 1st quarter valued at approximately $300,000. Dynamic Technology Lab Private Ltd acquired a new position in KB Financial Group during the first quarter valued at $259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in KB Financial Group by 53.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank’s stock valued at $5,230,000 after purchasing an additional 33,650 shares during the last quarter. Jane Street Group LLC grew its position in KB Financial Group by 64.3% during the 1st quarter. Jane Street Group LLC now owns 26,136 shares of the bank’s stock worth $1,414,000 after purchasing an additional 10,225 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of KB Financial Group by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 174,924 shares of the bank’s stock valued at $14,447,000 after buying an additional 682 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 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.